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  • 3
  • Michigan
Price £16,619
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Property Description

GREAT VALUE FOR MONEY

13058 Glenfield St, Detroit, MI 48213 is a recently refurbished detached 3 bedroom Colonial property which is located in a popular district to the south west of Harper Woods.

Built in 1937, the property totals 1,040 square feet on a lot of 5,663 square feet and benefits from a detached garage.

The property is already newly tenanted to ensure an excellent income from the day of completion.

Reserve this now and start collecting income.



KEY FIGURES:



Purchase Price: $26,000



Closing Costs: $1,000 (estimated)



Agency Fee: $1,500



TOTAL OUTLAY: $28,500



RENTAL INCOME: $7,800



OUTGOINGS:



Property Taxes: $1,409



Insurance: $600



Management: $663



TOTAL OUTGOINGS: $2,6,72



NET INCOME: $5,128



THE NET YIELD IS THEREFORE A FANTASTIC 18%


Detroit property investment for income and appreciation is the formula to build wealth in real estate. The combination of income and capital appreciation is the number one reason why Detroit is attracting large institutional investments.



Please contact us for further details or to reserve this property.

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