One Bath, Three Bed Detached House for Sale in Warren | United States
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Townhouse Description
TENANTED 3 BEDROOM DETACHED HOUSE WITH GARAGE
SAME TENANTS FOR OVER 6 YEARS ON SECTION 8 FUNDING PAYING $784 PER MONTH
A very high net rental yield of 35% per annum!!
IDEAL FOR INVESTORS ON A BUDGET WANTING A HIGH YIELD MONTHLY RENTAL INCOME
PRICE OF PROPERTY: $15,000 / €10,714 / £9,554
TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $19,790 / €14,134 / £12,604
•Exceptionally Low Cost Investment Opportunity
•Already Rented to Section 8 Tenants who have been in the property for over 6 years
•Income From Day 1
•Detached 3 Bedroom Property with Garage
•Superb Location and Neighbourhood
A 3 bedroom, 1 bathroom house with detached 2 car garage and private driveway for parking.
This super little property measures 925 sq ft of build area and is on a nice sized plot measuring 5,400 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 Section 8 tenants who have been in the property for over 6 years and are paying $784 a month. The home has been updated and includes a newer roof.
GROSS MONTHLY RENTAL INCOME: $784 / €560 / £499
Monthly Expenses include:
Property Tax of $125 / €89 / £79
Property Management Fee of $78 / €56 / £50
Tenant pays water, electric and gas
THIS WILL GIVE YOU A NET MONTHLY RENTAL INCOME OF: $581 / €415 / £370
NET INCOME PER ANNUM OF: $6,972 / €4,980 / £4,440
We bring to you the whole package:
1.Exceptionally 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: $1.40=€1 $1.57=£1
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Approximate price of this 3-Bed Detached house
€11,956 EUR |
£9,568 GBP |
US$15,000 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
Detached house |
| Bathrooms |
1 |
| Bedrooms |
3 |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Property Characteristics
- Garden: Private Garden
- Parking: Double Garage and Driveway
- Distance to Shops: Close
Map of Warren, Michigan, United States
Towns located close to Warren, United States
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Price: US$15,000
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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Tel: (+34) 952 471 774 | 
UK Freephone: 0800 047 0597 | 
US Toll Free: +1-866 656 7152
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