About the property

This property is presented by ListGlobally on behalf of: Crystal Investment and Real Estate Ltd of Luke Smith Investment opportunity to own this below market value property for $39,000. Fully managed and tenanted. First year management fees and insurance paid. First 12 months rent guaranteed and held in Escrow account. Earning a Net Yield of 17.14% on the first year. Patton 9363 is a charming all brick 3 bedroom 1.5 storey home in a family friendly neighbourhood on Detroit's west side. The home has been completely repainted and remodeled with all new amenities. Close to both Private and Public educational institutions and places of worship. Within 1 mile of 2 major freeways for all your travel needs. Features: Single detached family home 3 Bedrooms 1 Bathroom 1,352 square feet Exterior all Brick Full Basement FINANCIALS: Purchase price $39,000 Income annual $9,000 (monthly rental income $750) Annual Expenses: Property insurance $640 (first year included) Property tax (at current cap) $2,312 Management fee 10% $900 (first year included) Annual Return: Return on investment (ROI) 17.14% Net yield for year one (See ROI Graph on pictures) This property is presented by ListGlobally on behalf of: Luke Smith Crystal Investment and Real Estate Ltd (listglobally ref.: #LG54728)