Bungalow for Sale in Detroit

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US$18,911 USD

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Ref 1805403 | Detroit, Michigan | 3 Bedroom Bungalow

Currency services provided by Excel Currencies US$18,911 USD  |  €17,671 EUR (Approx)  |  Approx.£15,216 GBP

18911 Prevost St, Detroit MI 48235 is a beautiful 3 bedroom bungalow situated within a short distance of numerous facilities/amenities Built in 1960 the property totals 1100 square feet (approx) on a lot of 4591 square feet and is made of solid brick. This home features include a garage, fireplace, 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: $37,000

Agency Fee: $1000.00

Closing Costs (Estimated): $600.00

TOTAL OUTLAY: $38,600

RENTAL INCOME: $9,600 per annum

OUTGOINGS:

Property Taxes: $2,158.00

Insurance: $395.00

Management: $960.00

TOTAL OUTGOINGS: $3,513.00

NET INCOME: $6,087.00

THE NET YIELD IS THEREFORE A FANTASTIC 15.77 %

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

Price: 18911.00 $ Bedrooms: 3 Bathrooms: 2

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