20184 Roselawn St, DETROIT MI 48221

Property Address

20184 Roselawn St, DETROIT MI 48221

Fully renovated bungalow in growth corridor of Detroit. One block from 8 Mile, just a stones-throw from the new Livernois ‘Fashion Mile’ and just 2-3 blocks from one of Detroits hottest neighbourhoods – Bagley. This 3 BR property complete with utility/storage room and additional study or rumpus is completely renovated throughout. New bathrooms and kitchen as well as all new flooring, electrical, plumbing etc, not a cent to spend.
Tenanted at $850 per month, cashflowing from day one, this is an excellent investment at 12% ROI Nett after all costs. Purchase, enjoy the rental return and watch the values in this area grow. Could even convert the upstairs utility room into a 4th Bedroom!

NET ROI after Costs 16%

Property Details

House Size956 sq ft
Bedrooms:3
Bathrooms:2
BasementYes
Garage:No
Lot Size:5184sq ft
Rental Return:$850 USD per month
Return on Investment:11.5% after deductions
Est Market Value: $80,000 USD

Purchase Price: US$68,000