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18689 Westphalia St, Detroit MI 48205 is a beautiful 3 bedroom bungalow situated within a short distance of numerous facilities/amenities Built in 1946 the property totals 799 square feet on a lot of 4487 square feet. This home features include 1 car garage, fireplace and has a 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 is a very charming home on a nice street made of solid brickUnlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!KEY FIGURES:Purchase Price: $32,000Agency Fee: $1000.00Closing Costs (Estimated): $600.00TOTAL OUTLAY: $33,600RENTAL INCOME: $8,400 per annumOUTGOINGS:Property Taxes: $2,182.00Insurance: $395.00Management: $840.00TOTAL OUTGOINGS: $3,417.00NET INCOME: $4,983.00THE NET YIELD IS THEREFORE A FANTASTIC 14.83 %For further information or to reserve this property, please complete the enquiry form as soon as possible.Price: 32000.00 $ Bedrooms: 3 Bathrooms: 1
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