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  2. Detroit – $69,200

Detroit – $69,200

Net Return - 10.60%
100% Owned in 9.43 years
Gross Annual Income$9,600.00$800.00/Rent Per Month

Description

2 Bedroom Home in Inkster Detroit

2 Bed, 1 Bath Home In Inkster MI High Rents Per SQ. FT. = Lower Maintenance Section 8 Tenant

Inkster City is the last decent Island of affordability in the Metro Detroit area. Sitting just west of Detroit and just a few miles from the International Airport, it’s surrounded by the bustling cities of Dearborne Heights, Westland, Wayne, Taylor and Garden City. All of which have seen high appreciation over the last year.

  • ROOF WITH 30 YEAR ARCHITECTURAL SHINGLES
  • FURNACE
  • HOT WATER HEATER
  • VINYL WINDOWS AND BLINDS
  • KITCHEN CABINETS, COUNTER TOP, AND SINK
  • TILE KITCHEN FLOORING
  • BATHROOM VANITY, TOILET, MIRROR, AND TUB
  • TILE BATHROOM FLOORING AND SHOWER SURROUND
  • INTERIOR AND EXTERIOR LIGHTING
  • DOORS AND HARDWARE
  • INTERIOR TWO-TONE PAINT
  • PLUMBING AND PLUMBING FIXTURES
  • ELECTRICAL PANEL AND ELECTRICAL FIXTURES
  • GUTTER SYSTEM
  • MAINTENANCE FREE VINYL SIDING Appreciation 2017:

Appreciation

  • Dearborn Heights = +17%,
  • Garden City = +20%,
  • Westland = +10%,
  • Taylor = +13% and Wayne = +20%.
  • Detroit saw a 10% increase over last year as well.

Detail

  • Property ID: 0001
  • Price: Gross Annual Income $9,600.00
  • Property Size: 563 sqft
  • Land Area: 6055 sqft
  • Bedrooms: 2
  • Bathrooms: 1
  • Garage: No
  • District: Inkster
  • No. Of Units: Single Unit
  • NET RETURN: Net Return - 10.60%
  • Ownership Tenure: 100% Owned in 9.43 years

Additional details

  • Refurbished: Yes
  • Rating(1-10): 8
  • Year Built: 1925
  • Tenanted: Yes
  • Section 8: No
  • Managed: Yes
  • Rent Per Month: $800
  • Yearly Expense: $2,263.20
  • Net Income Per Year: $7,336.80
  • Price: $69,200
  • Yearly Expense: $2,263.20
  • Net Income / Year: $7,336.80
  • Gross Income / Year: $9,600

Contact info

View my listings
My Global Property Inc
My Global Property Inc
+1(888) 829 1192

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