Family Home for Sale in Detroit

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US$38,000 USD

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Ref 1805402 | Detroit, Michigan | 3 Bedroom Home

Currency services provided by Excel Currencies US$38,000 USD  |  €35,507 EUR (Approx)  |  Approx.£30,575 GBP

19372 Stahelin, Detroit MI 48219 is a beautiful 3 bedroom bungalow with a semi finished basement situated within a short distance of numerous facilities/amenities Built in 1943 the property totals 1210 square feet (approx) on a lot of 3383 square feet. This home features include a 1 car garage, living room and formal dining room. This property also has interior blinds, wood floor and carpet throughout and is painted a soft two tone. This also benefits from an alarm system.

The property has recently been refurbished to a high standard and is newly tenanted to ensure an excellent income from day one.

Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!

KEY FIGURES:

Purchase Price: $38,000

Agency Fee: $1000.00

Closing Costs (Estimated): $600.00

TOTAL OUTLAY: $39,600

RENTAL INCOME: $9,600 per annum

OUTGOINGS:

Property Taxes: $2,100.00

Insurance: $395.00

Management: $960.00

TOTAL OUTGOINGS: $3,455.00

NET INCOME: $6,145.00

THE NET YIELD IS THEREFORE A FANTASTIC 15.52 %

For further information or to reserve this property, please complete the enquiry form as soon as possible.

Price: 38000.00 $ Bedrooms: 3 Bathrooms: 1

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