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

  • 3
  • Michigan
Price £17,258
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Property Description

21723 Nevada St, East Point, MI 48021 is a great value for money 3 bedroom property located in the sought after East Point district which sold for $106,000 in 2007. It has been refurbished and new tenants have been vetted and will be moving in during the next few days to ensure an excellent income from day one.

Built in 1927, the property totals 1,312 square feet on a lot of 4,356 square feet. It benefits from a basement and a two car garage.

Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price: $27,000

Closing Costs: $1,500

TOTAL OUTLAY: $28,500

RENTAL INCOME: $9,000 per annum

OUTGOINGS:

Property Taxes: $2,001

Insurance: $395

Management: $450

TOTAL OUTGOINGS: $2,846

NET INCOME: $6,154

THE NET YIELD IS THEREFORE A FANTASTIC 21.59%

For further information or to reserve this property, please complete the enquiry form as soon as possible.

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