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

  • 3
  • Michigan
Price £21,093
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Property Description

17324 Runyon St, Detroit, MI 48234 is a great 3 bedroom detached Colonial in a lovely area to the North of La Salle College Park. Refurbishment works are well advanced and will be completed within a week. A new tenant is lined up to move in prior to the closing of any sale to ensure an excellent income from day one.

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

Built in 1929, the totals 1,250 square feet on a lot of 6,700 square feet and benefits from a basement and double 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: $33,000

Closing Costs: $500 (estimated)

Agency Fee: $2,000

TOTAL OUTLAY: $35,500

RENTAL INCOME: $9,000 per annum

OUTGOINGS:

Property Taxes: $1,352

Insurance: $395

Management: $900

TOTAL OUTGOINGS: $2,647

NET INCOME: $6,353

THE NET YIELD IS THEREFORE A FANTASTIC 17.9%

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

Price: 33000.00 $ Bedrooms: 3 Size (M2): 117

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Property Location

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