This three bedroom house is located in Pulaski on the Eastside of Detroit just 5 minutes from the Belair Mall which holds host to the largest cinemas in Detroit. This area is surrounded by great schools and colleges in Detroit and is less than 1 mile and walking distance to The Osborn High School. This property consists of three large bedrooms, one bathroom, a lounge diner, a full basement and a large rear garden. The house has tenants in place paying $900 in rent each month. The house is under management with a great local Detroit property management company. This house is located in Pulaski a great area in Detroit with a proud community feel, This area has great schools and lots of local amenities, it is near to The University district and is walking distance to Osborn High School
Investment Calculations
Purchase price
$78,900
Gross annual rental income:
$10,800
Property running costs:(Tax, insurance and management costs)
$2,369
Net annual rental income:
$8,431
Investment calculation - Net Income divided by Purchase price = NET ROI.