Detroit, Wayne County, Michigan, USA
- PROPERTY TYPE
Detached
- BEDROOMS
3
- BATHROOMS
2
- SIZE
1,298 sq ft
121 sq m
Key features
- Three bedrooms
- Multi unit
- Fully managed
- Local staff
- Garden
- Great location
- Good condition
- Refurbished.
Description
Detroit, the house is just 2 miles from the old Detroit city airport which is now the Coleman A Young
International airport, mainly used for business and military.
The property is split into two apartments, you have a large two bedroom apartment downstairs and
a large one bedroom apartment upstairs . Both apartments will be renovated by Global Investments
best contractors and will be supplied rent ready to a Section 8 standard. The works will begin after
the new owner closes on the property. When complete the management company will place brand
new vetted tenants. The down apartment should achieve $950 - $ 1,250 in rent per month and the
upper should achieve $750 - $1,000 per month.
This house is located in Wade on the East side of Detroit. Wade is close to Harper Woods,
Eastpointe and the famous East English Village. This area has many great schools and lots of local
amenities. The house is just 1.7 Miles to Chandler Park, one of the largest golf courses in Detroit.
Investment Calculations
Purchase price
$99,900
Gross annual rental income:
$27,000
Property running costs:
(Tax, insurance and management costs)
$4,432
Net annual rental income:
$22,568
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return of investment
23%
Break even in
4.34 Years.
Let GLOBAL help you with your real estate Investments. We are here to help you build your real estate portfolios, and can customise a purchase plan for your wealth building future! Global Investments provides our clients with excellent strategies for real estate investing, home ownership and wealth building. Understanding the market is the key to success. The market has changed so vastly in the past two years, it takes knowledge to navigate the current local markets and get the best deals.
For the real estate investor, this is the time to take advantage of the market, build portfolios, and create passive real estate income, all leading to future wealth. It can be difficult for new real estate investors to learn to navigate around all of the areas we sell in. Online public information directories, website listing companies etc, all can be very daunting, that is what we are here for.
We specialise in selling single family and multi tenanted homes in all States in the US. We have exclusive agreements with the biggest Asset Management Companies and Banks in the US bringing you the best investments at the best prices with no hidden gimmicks.
Just straight talking advice.
We pride ourselves on the level of service that we give before and after the sale, giving you a 24/7 hands on service which is unrivalled in the industry.
Our biggest business is repeat business and referral.
What we offer?
1.US and Uk offices.
2. Highest ROI in the marketplace
3. On the ground management.
4. Professionally managed by our US staff.
5. Safe and secure locations.
6. Renovation team on the ground.
7. Investment renovation packages
8. 24/7 after sales on hand every day.
9. Award winning Brokers
10. 5 star reviews.
11. Bulk purchases
12. LLC set up.
13. Home Warranty.
14. Landlord Insurance
If you're looking for great properties to purchase with excellent on-the-ground local property management then check out our current inventory, and contact us with any questions ?
Welcome to Global "We are always here to help."
Global Investments " The straight talking property company. "
Detroit, Wayne County, Michigan, USA
NEAREST AIRPORTS
Distances are straight line measurements- Detroit(International)15.7 miles

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Notes
This is a property advertisement provided and maintained by Global Investments USA, Manchester (reference cylkvbtsaw) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.