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US056- Warren, Michigan
Property Details
An impressive detached family residence:
House size: 1728 Sq. Ft
• Class style property with garden and garage,
comprising:
• Bed 1: 16x14
• Bed 2: 12x12
• Bed 3: 12x12
• Bed 4: 10x10
• Two full baths
• Living room: 21x12
• Dining room: 10x10
• Kitchen: 12x10
One open plan bedroom area has been divided into three rooms.
This is now the best value property in the World. And all the more amazing when you consider this isn’t in a third world country, but America. By far the world’s largest economy.
This is an ideal location for steady rental and price rebound. Good street with access to all big city facilities. A hard working neighbourhood. Just under 45,000 dollars for a detached good neighbourhood property! And which pays high rent!
The price INCLUDES full refurbishment to bring the property up to code and a tenant placed.
Key Features
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Type of property
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House
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Bedrooms
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4
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Garden/yard
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Front & Rear
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Floor Level
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N/A
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Garage
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Yes
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Investment Deal
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Target rent
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$900 per month
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Value
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£27,546
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Purchase Costs (Inc. fees and ownership)
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$44,900
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ITIN (Tax No.) & Buying Costs (Notary Fee)
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$700
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Property Tax (Per Year)
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$2,200
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Rental Management Fee (10% of Income)
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$1,080
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Building Insurance (Tbc)
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$850
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Total Costs**
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$49,730
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Property Tax
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$2,200
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Rental Management Fee
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$1,080
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Building Insurance (Tbc)
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$850
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Total Costs
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$4,130
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Rental Return
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$10,800
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Annual Profit
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$6,670
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Return NET
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14.86%
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Estimated Market Value in 3-5 Years
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$120,000
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NB: Figures are conservative and rental return could actually be a lot higher
** Total costs do not include Income Tax as this depends on personal circumstances
For further enquiries, click here to contact us
Images
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Local Map
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Attic
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Bathroom
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Dining Room
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Kitchen
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Living Room
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