CLASS C PROPERTIES
6000 Block of Rosemont
SALES PRICE
$42,000 USD
13.58% ROI
GROSS MONTHLY RENT
$725 USD
GROSS ANNUAL RENT
$8,700 USD
ANNUAL MANAGEMENT FEES
$900 USD
ANNUAL PROPERTY TAXES
$1,405 USD
ANNUAL INSURANCE
$690 USD
WATER USAGE (ANNUAL)
Paid by tenant
NET ANNUAL INCOME
$5,705 USD
BEDROOM COUNT
3
YEAR BUILT
1936
TYPE
Single Family Ranch
NEIGHBORHOOD
Frischkorns Warren Ave Park
HOME WARRANTY
None
ADDITIONAL NOTES
Property is located in a great area with a positive revenue return.
CLASS B PROPERTIES
20000 Block of Mark Twain
SALES PRICE
$58,000 USD
10.98% ROI
GROSS MONTHLY RENT
$800 USD
GROSS ANNUAL RENT
$9,600 USD
ANNUAL MANAGEMENT FEES
$960 USD
ANNUAL PROPERTY TAXES
$1,550 USD
ANNUAL INSURANCE
$720 USD
WATER USAGE (ANNUAL)
Paid by tenant
NET ANNUAL INCOME
$6,370 USD
BEDROOM COUNT
3
YEAR BUILT
1940
TYPE
Single Family Bungalow
NEIGHBORHOOD
Longview Sub
HOME WARRANTY
None
ADDITIONAL NOTES
Section 8 long-term tenant.
14000 Block of Faust
SALES PRICE
$135,000 USD
7.2% ROI
GROSS MONTHLY RENT
$1,200 USD
GROSS ANNUAL RENT
$14,400 USD
ANNUAL MANAGEMENT FEES
$1,000 USD
ANNUAL PROPERTY TAXES
$2,750 USD
ANNUAL INSURANCE
$850 USD
WATER USAGE (ANNUAL)
Paid by tenant
NET ANNUAL INCOME
$9,800 USD
BEDROOM COUNT
3
YEAR BUILT
1936
TYPE
Single Family Colonial
NEIGHBORHOOD
Rosedale Park Sub
HOME WARRANTY
None
ADDITIONAL NOTES
Prestigious Rosedale Park Community
Own It Detroit can help you take advantage of Detroit’s growing rental real estate market! With turnkey investment properties, we help set you up for real estate success.
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