3 Bedroom Town House to Buy in Warren | Macomb County - United States
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Townhouse Description
IDEAL FOR INVESTORS ON A BUDGET WANTING A HIGH YIELD RENTAL RETURN PROPERTY.
3 BEDROOM DETACHED HOUSE IN MICHIGAN.
Tenanted at $675 Per Month.
TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $20,750 / €16,366 / £13,460
•Low Cost Investment Opportunity with HIGH YIELD NET RENTAL RETURN
•Tenanted on yearly Renewable Lease
•Income From Day 1 of Purchase
•Detached 3 Bedroom Property
This high yield rental property offers 3 bedrooms, lounge, kitchen and bathroom and comes with updated windows, newer roof as well as updated electrical service.
The property measures 1,200 sq ft of build area and is on a medium sized plot measuring 4,480 sq ft. The property is situated in Warren on the suburbs of Detroit, in a middle class area of owner occupant and rental homes.
The house is rented out to a long term tenant by the Management Company on a yearly renewable lease for $675 a month. Due to its low cost, it is the ideal investment for those investors on a small budget wanting a substantial rental return and monthly income.
GROSS MONTHLY RENTAL INCOME: $675 / €531 / £438
Monthly Expenses include:
Property Tax of $141 / €111 / £91
Property Management Fee of $67.50 / €53 / £44
Tenant pays water, electric and gas
THIS WILL GIVE YOU A NET MONTHLY RENTAL INCOME OF: $466.50 / €367 / £303
NET INCOME PER ANNUM OF: $5,598 / €4,404 / £3,686
We bring to you the whole package:
1.Low Priced Investment Properties
2.High Yield Rental Income
3.1st Class Property Management Company
4.Engineers Home Inspection Report
5.Title Company/Attorney Assigned
6.Complete Personal Service and Supervision of Your Purchase from Start to Finish
7.Insurance Available
8.Assistance with opening a US Bank Account
All prices are calculated at the following currency conversion rates: $1.27=€1 $1.54=£1
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Approximate price of this 3-Bed Town House
€12,753 EUR |
£10,206 GBP |
US$16,000 USD |
(Currency and Foreign Exchange services supplied by )
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| Type |
Town House |
| Bathrooms |
1 |
| Bedrooms |
3 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Property Characteristics
- Garden: Private Garden
- Parking: Private Driveway
- Distance to Shops: Close
Map of Warren, Michigan, United States
Towns located close to Warren, United States
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Price: US$16,000
Currency in United States
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Latest Property News in USA
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Price of Property in Warren, USA
| (All prices in EUR) |
Warren |
Warren |
Warren |
| House/Villa |
7,595 |
240 |
26,732 |
65,000,000 |
- |
242,990 |
| Townhouse |
8,000 |
23 |
25,000 |
6,400,000 |
- |
209,900 |
* Calculations based on 17 properties for sale in Warren and 5114 properties for sale in USA |
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Looking to buy property in Warren, Macomb County, Michigan, United States?
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