Ref: HS4831534

3 Bed Detached Bungalow for sale in Detroit Area, South East & Lake...

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Fixed Price USD $26,000 (approx. GBP £16,598)

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Property Details

Property: Detached Bungalow (Resale)
Bedrooms: 3
Bathrooms: 1
Receptions: 1

3 Bedroom brick built bungalow

Excellent Value for Money. Fully refurbished property and tenanted at $800 per month offering a 23% net yield, this is an an outstanding investment proposal for any prospective property investor.

Features

This unit has been contracted at $26k. The average house price in this street is $55k. The property has been refurbished to offer new windows, newer mechanics, updated electrics, new carpets throughout and freshly painted with an updated kitchen and bathroom.

A TOTAL INVESTMENT OF £19,909 (inclusive of all closing costs and fees) WITH A NET YIELD P.A. OF 23%

> Large Three bedroom Single family house - freehold detached property.
> 3 double Bedrooms, 1 Kitchen, 1 dining room/ living room, 1 bathroom,
> Large fenced front and rear garden and FULL BASEMENT
> Has a likely value of $60,000 but secure by RTI for $26,000
> FULLY let with exisitng tenants at $800
> This property has a Certificate of Occupancy which is a rigorous housing test done by the City to ensure tenant suitability.

The net rental income from this property to an investor is £3,809 per annum. This will be substantially increased once Property Taxes have been reduced.

Plot Size

82.00m²

Website: www.realtimeinvest.com/propertydetails/89

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Disclaimer: Property Reference: HS4831534. This listing is a property advertisement. PropertyIndex.com does not control the content of the advertisement and makes no warranty as to the accuracy or completeness of the advertisement, or any associated or linked information. This property advertisement does not constitute property particulars.