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

  • 3
  • Michigan
Price £24,928
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Property Description

11300 Ward St, Detroit, MI48227 is a beautiful brick 2 family property which has been fully renovated. New tenants are lined up to move in before the closing of any sale in 2 weeks time to ensure an excellent income from day one. Hot area on the West Side of Detroit. Similar homes sell in excess of $55,000.

Please copy and paste this link for numerous photos of the area: http://s1287.photobucket.com/user/joshua4012/library/WARD

Please copy and paste this link for a video of the street: http://youtu.be/sK6gqTSnAPE

This property represents excellent value for money and is priced to sell now so please contact us as soon as possible if you are genuinely interested.

Reserve this now and start collecting income from day one!

KEY FIGURES:

Purchase Price: $39,000

Closing Costs: $600 (estimated)

Agency Fee: $2,000

TOTAL OUTLAY: $41,600

RENTAL INCOME: $12,000

OUTGOINGS:

Property Taxes: $1,700

Insurance: $700

Management: $1,200

TOTAL OUTGOINGS: $3,600

NET INCOME: $8,400

THE NET YIELD IS THEREFORE A FANTASTIC 20.2%

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 information or to reserve this property.

Make Enquiry....

Property Location

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