This large three bedroom house is amazing value at $37,800 and also tenanted.
This large three bedroom house is Section 8 approved and Section 8 tenanted. The property is located on a nice street in Littlefield on the Westside of Detroit. This property has three very large bedrooms, a full basement and large rear garden. This property is tenanted by a Section 8 tenant and the rent is very high at $900 a month, this rent is paid by the US Government. This property is managed by one of the leading Detroit property management companies. This property is located in Littlefield which is a good family area with great local schools, close by you have three large high schools. The area is close to Bagley and is also only 3 miles away from the famous University District.
$10,800 rent a year.
$1,080 management fee.
= 24% net return.