5967 University Place, DETROIT MI

Property Address

5967  University Pl DETROIT, MI 48224, United States

Lovely finished bungalow in a highly sought after area of Detroit – East English Village / Morningside. Just in from Grosse Point and close to St John Ascension Hospital, 4 Bedrooms with 2 Bathrooms this home if fully renovated inside including bathrooms, kitchen, paint carpet, flooring and brand new Roof. Not a cent to spend inside!

Market values in this region can be US$100K+ so this property gives instant equity. Tenanted with 12 month lease in place also means Instant Cashflow!

NET ROI after Costs 11.4%

Property Details

House Size1191 sq ft
Lot Size:5227 sq ft
Rental Return:$1050 USD per month
Return on Investment:11.4% after deductions
Est Market Value:$95,000 USD

Deal Price: US$78,500