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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 Excel Currencies)
Ref 813085 
Town Warren 
Region Macomb County 
Province Michigan 
Country United States  
Type Town House
Bathrooms
Bedrooms
Category Re-Sale  
Listed over 1 year ago
Looking at property as an investment? ...   Find out more >>

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

  • Eastpointe


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Price: US$16,000
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Purchase this Townhouse in Warren for

US$27p/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 Warren, USA

Property Type Min Price Max Price Median Price
(All prices in EUR) Warren USA Warren USA Warren USA
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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