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

  • 3
  • Michigan
Price £21,732
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Property Description

18105 Albion St, Detroit, MI 48234 is a 3 bedroom bungalow located in an area with good ongoing rental demand to the north of Coleman A. Young airport.

The property is currently being comprehensively refurbished and new tenants are lined up to move in once the works are completed and before the closing of any sale to ensure an excellent income from day one. This will be a maximum of 21 days from now.

This property totals 902 square feet on a lot of 5,353 square feet and benefits from a garage and a basement.

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: $34,000

Closing Costs: $500 (estimated)

Agency Fee: $1,000

TOTAL OUTLAY: $35,500

RENTAL INCOME: $9,000

OUTGOINGS:

Property Taxes: $1,800

Insurance: $395

Management: $900

Rent Insurance: $200

TOTAL OUTGOINGS: $3,295

NET INCOME: $5,705

THE NET YIELD IS THEREFORE A FANTASTIC 16.07%

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

Price: 34000.00 $ Bedrooms: 3 Bathrooms: 1 Size (M2): 84

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Property Location

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