Please login to view property

Please contact us to reserve this property.


Phone: 3035209143

Email: info@ukholdingsglobal.com

Property id(7109) is Reserved

Property id(7109) is Sold

Email: info@ukholdingsglobal.com

3035209143

8666 Burt Rd., Detroit, michigan 48228Download Brochure

Short Remarks

Nice 3 bedroom, 1 bath home with a full basement and detached garage.

11% Return

Section 8 Tenant

New Carpet

New Kitchen Tile Flooring

New Exterior Paint

New Interior Two-Tone Paint

Newer Furnace and Water Heater 

Updated Electrical.

Well Maintained Property.

Management in place 

Full Remarks

***The city of Detroit and the surrounding suburbs are going through a huge come back.  Multiple media outlets consistently rate Detroit in the top 10 best places to buy rental properties in the country.  With record low pricing, record increases in rent premiums, and a resurging and diversifying job market, the perfect opportunity to buy low price and high yield properties was created. This city and its surrounding suburbs are on their way back up with the help of Fortune 500 companies and the government. In May 2015 General Motors announced the investment of $1 billion into their Detroit area technology park.  This investment is expected to bring 2900 new jobs to the area.  We have been investing in Detroit ever since the housing crisis and all we have seen is an increase in home prices and a higher demand for rental units throughout the years.  This is a great market and we believe it will only get better.

  • Purchase price :

    $64,000
BUY NOW
  • Property Details

  • Bedrooms:

    3
  • Baths:

    1
  • Sq FT:

    1,003
  • YEAR Built:

    1942
  • TYPE:

    Single Family
  • LOT SIZE:

    5,227
  • Cash Flow analysis

  • MONTHLY RENT PMT :

    $800
  • ANNUAL RENT :

    $9,600
  • Estimated* Hazard Insurance:

    $500
  • Estimated* Property Taxes:

    $1,100
  • Property Management Exp:

    $960
  • Annual Utilities Exp:

    $0

Estimated* Net Income:

$7,040

* These estimates are based on current information and projections and are not a guarantee of future income. All investments have risk. Additional or increased expenses and vacancies could effect your actual realized return on your real estate investment property.

Comps

Property Address Purchase Price Date Sold Type of Deal # of Beds # of Baths