Auburn Street Detroit

$55,000
SKU: 2527
Property type: House
Area (Sq Ft)
688
Bedrooms
2
Bathrooms
1

Financial Details

  • Est Rent PCM: $800
  • Yearly Income: $9,600
  • Management: $960
  • Taxes: $595
  • Insurance: $550 Est.
  • Net Income: $7,495
  • Net Yield : 13.63%

Description

Excellent investment opportunity near Dearborn Heights!

Great investment or starter home near shopping centers and Downtown West Dearborn. This 688 square foot ranch style home was built in 1926 and has a 4,356 square foot lot. New carpeting has recently been installed and the rooms have been painted. It is currently under reformation but will be ready soon and new images will be available.

Similar homes in the area are being rented for approximately $800 more or less.  It will be ready to be rented approximately 40 days after closing on the property.

Dearborn is a suburb of Detroit with a population of over 56,000. There are many coffee shops, parks, and commercial centers in the area. The public schools in the community are above average and a variety of businesses make this unique location its home.