$34,000 Detroit MFH with 21.53% net yield

15015 Manor St, Detroit, MI 48238 has recently been refurbished and comprises 2 two bedroom apartments. Tenants are just moving in to generate a genuine net income of $7,858 per annum. This property is priced to sell now so do not delay if you are interested! Unlike many of our competitors, we take into acount all closing and ongoing costs to give you a genuine net yield!   KEY FIGURES: Purchase Price:  $34,000 Buying Costs:   $2,500…

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15015 Manor St, Detroit, MI 48238 has recently been refurbished and comprises 2 two bedroom apartments. Tenants are just moving in to generate a genuine net income of $7,858 per annum. This property is priced to sell now so do not delay if you are interested!

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

 

KEY FIGURES:

Purchase Price:  $34,000

Buying Costs:   $2,500

TOTAL OUTLAY:  $36,500

 RENTAL INCOME:  $10,200 per annum

 OUTGOINGS:

Taxes:             $1,237

Insurance:        $595

Management:  $510

 

TOTAL OUTGOINGS:  $2,342

NET INCOME:   $7,858

THE NET YIELD IS THEREFORE A FANTASTIC 21.53%.

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