Homes Abroad the UK's leading guide to Holiday Homes Abroad

  • 3
  • Michigan
Price £14,062
  • title image

Property Description

GREAT VALUE FOR MONEY AND PRICED FOR QUICK SALE.


9610 Balfour Rd, Detroit MI 48224 is a well maintained brick built property totaling 850 sq.ft. on a lot of 3,920 sq.ft. and benefits from a detached garage.

Long term tenants have been in residence for a number of years and have just signed a new 12 month lease ensuring an excellent income from day one. Great reliable tenants that pay on time each month.





Reserve this bargain now and start collecting income.



KEY FIGURES:



Purchase Price: $22,000



Closing Costs: $1,000 (estimated)



Agency Fee: $1,500



TOTAL OUTLAY: $24,500



RENTAL INCOME: $7,200



OUTGOINGS:



Property Taxes: $1,900



Insurance: $500



Management: $612



TOTAL OUTGOINGS: $3,012



NET INCOME: $4,188



THE NET YIELD IS THEREFORE A FANTASTIC 17.09%


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 to request a brochure with numerous photos or to reserve this property.

Make Enquiry....

Property Location

country location
Join the HomesAbroad Newsletter