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  • 3
  • Michigan
Price £20,454
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Property Description

SOLD. 9339 Hartwell St, Detroit, MI 48228 is a lovely 3 bedroom Colonial property which has been refurbished to a high standard. New section 8 tenants have signed a lease and will be moving in early next week.

A Home Inspection Report containing numerous photos is available on request. This property is priced to sell now so please contact us as soon as possible if you are genuinely interested.

The property is located in the popular Barton McFarland neighbourhood.

Built in 1948, the totals 1,245 square feet on a lot of 5,240 square feet and benefits from a basement and 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: $32,000

Closing Costs: $500 (estimated)

Agency Fee: $1,000

TOTAL OUTLAY: $33,500

RENTAL INCOME: $9,300 per annum

OUTGOINGS:

Property Taxes: $2,553

Insurance: $395

Management: $651

TOTAL OUTGOINGS: $3,599

NET INCOME: $5,701

THE NET YIELD IS THEREFORE A FANTASTIC 17.01%

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

Price: 32000.00 $ Bedrooms: 3 Bathrooms: 1 Size (M2): 116

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Property Location

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