Renovated tenant-occupied property that offers 5 bedrooms, 2 bedrooms at entry and 3 upstairs, 2 full baths, 1 at entry, and 1 upstairs spacious living room. the tenant pays $1000 a month and is current in payments. lots on either side of this property can be purchased from the city of detroit to increase your real estate portfolio .
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The average household income in
Detroit, MI
grew
from
$30,344
to
$31,283
in the past year. This data is an estimate based upon
266,333
households in
Detroit, MI. The chart below presents how household income is distributed in
Detroit, MI
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Detroit, MI
compared to median property taxes around the country. The prevalent amount of property taxes in
Detroit, MI
equals
$800-$1,500
, which is
less
than the national average.