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  • 5
  • Michigan
Price £19,815
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Property Description

9191 Pinehurst St, Detroit, MI 48204 is a substantial 5 bedroom, 2 bathroom property which sold in 2005 for $120,000. The property has been fully refurbished to a high standard and a section 8 tenant has signed a lease to move in witin a week ensuring an excellent income from day one.

Located in the popular Barton-McFarland district, this property built in 1928 totals 1,494 square feet on a lot of 4,400 square feet. It benefits from a basement and a double garage.

The property is priced to sell now so please contact us as soon as possible if you are genuinely interested.

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: $31,000

Closing Costs: $500 (Estimated)

TOTAL OUTLAY: $31,500

RENTAL INCOME: $9,600 per annum

OUTGOINGS:

Property Taxes: $2,145

Insurance: $395

Management: $960

TOTAL OUTGOINGS: $3,500

NET INCOME: $6,100

THE NET YIELD IS THEREFORE A FANTASTIC 19.36%

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

Price: 31000.00 $ Bedrooms: 5 Bathrooms: 2 Size (M2): 139

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Property Location

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