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3 Bedroom 1 Bathroom House - Villa in Macomb County - United States

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House/Villa Description

THIS IS A LOVELY FAMILY HOME ON A CORNER PLOT.

Situated in a middle class area of owner occupant homes.

THE PROPERTY WILL RENT LONG TERM FOR $725 TO $825 PER MONTH.

SECURED PRICE OF THIS PROPERTY: $16,000 / €10,884 / £10,000

TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS, FEES AND REPAIRS: $29,445 / €20,032 /£18,402

The current value of this property is $47,700

Minimum 23% Net Return on your Investment.

The property is situated on a corner plot and comprises of Lounge, Kitchen, Dining Area, 3 Bedrooms, Bathroom, Lawned Gardens to Front, Side and Rear of property and Two Car Garage.

The house requires some repairs included in the purchase price. The property will be freshly painted, new carpet and floor coverings, New Kitchen plus some other minor repairs which are listed on the repair quote.

The Property can be rented out on a long term basis for between $725 and $825 per month. This will give you a net annual return of 23%

AVERAGE GROSS MONTHLY INCOME WILL BE: $775 / €527 / £484

Monthly expenses include:

Property tax $208 / €141 / £130

Rental Management Fee $77 / €52 /£48

THIS WILL GIVE YOU A NET MONTHLY RENTAL INCOME OF: $490 / €334 / £306

We bring you the whole package:

1.Exceptional Low Cost Investment Opportunity in the Detroit Metro Area.
2.Property Management Company.
3.Engineers Home Inspection Report.
4.Title Company / Attorney Assigned.
5.Complete unrivalled supervision of your purchase from start to finish.
6.Insurance available on request.
7.Assistance with the opening of an American bank account if required.

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Approximate price of this 3-Bed Unknown
€22,994 EUR | 
£18,402 GBP | 
US$28,848 USD | 

(Currency and Foreign Exchange services supplied by Excel Currencies)
Ref 602735 
Town Eastpointe 
Region Macomb County 
Province Michigan 
Country United States  
Type House/Villa
Bathrooms
Bedrooms
Category Re-Sale  
Listed over 1 year ago
Looking at property as an investment? ...   Find out more >>

Property Characteristics

  • Garden:  Yes
  • Parking:  Garage and Driveway
  • Distance to Shops:  Close

Map of Eastpointe, Michigan, United States


Towns located close to Eastpointe, United States

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Price: £18,402
More Information

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Purchase this House/Villa in Eastpointe for

US$48p/m

(60% LTV, 5% Interest Rate, 30 years)

(Subject to status. Information given for guidance purposes only.)

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Price of Property in Eastpointe, USA

Property Type Min Price Max Price Median Price
(All prices in EUR) Eastpointe USA Eastpointe USA Eastpointe USA
House/Villa 17,217 240 25,153 65,000,000 - 242,990
Townhouse 20,689 23 20,689 6,400,000 - 209,900

* Calculations based on 6 properties for sale in Eastpointe and 5114 properties for sale in USA




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