JUST REDUCED BY $3,000 !!!!!ALREADY TENANTED

3 BEDROOM DETACHED HOUSE WITH GARAGE IN WARREN, DETROIT, MICHIGAN

SAME TENANT FOR OVER 3 YEARS PAYING $695 RENT A MONTH !!

Just reduced by $3,000 !!!!

SECURED PRICE OF PROPERTY: $20,000 / €14,705 / £13,333

TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $24,525 / €18,031 / £16,349

• Low Cost Investment Opportunity
• Already Rented to Tenants on a Yearly Lease who have been in the property for over 3 years
• Income From Day 1
• Detached 3 Bedroom Property with Garage
• Superb Location and Neighbourhood

This is a brick and vinyl sided ranch comprising of 3 bedrooms, lounge, eat-in kitchen, bathroom, detached garage and diveway for the parking of several cars. 

The property measures 1,036 sq ft of build area and is on a large sized plot measuring 7,124 sq ft. The property is situated in Warren on the suburbs of Detroit, in a middle class area of owner occupant and rental homes.

The home includes updated kitchen,  updated vinyl windows, updated copper plumbing and circuit breakers.

The house is  rented out to long term tenants on a yearly renewable lease for $695 a month.  The same tenant has been renting this property for over 3 years.

GROSS MONTHLY RENTAL INCOME: $695 / €511 / £463

Monthly Expenses include:

Property Tax of $175 / €128 / £116

Property Management Fee of $70 / €51 / £46

Tenant pays water, electric and gas

THIS WILL GIVE YOU A NET MONTHLY RENTAL INCOME OF: $450 / €332 / £301

NET INCOME PER ANNUM OF: $5,400 / €3,984 / £3,612

We bring to you the whole package:

1. Exceptionally Low Priced Investment Properties
2. High Yield Rental Income
3. 1st Class Property Management Company
4. Engineers Home Inspection Report
5. Title Company/Attorney Assigned
6. Complete Personal Service and Supervision of Your Purchase from Start to Finish
7. Insurance Available
8. Assistance with opening a US Bank Account

All prices are calculated at the following currency conversion rates:  $1.36=€1   $1.50=£1