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NEW RELEASE!
Detroit 3 & 4 Bed Investment Properties at $45,500 (€31,000 approx) and $47,000 (€32,000 approx)
This is designed for investors looking for a medium to long term investment.
This project seeks to take advantage of over 30,000 foreclosures in Detroit and rehouse people under the government backed, high yielding affordable housing scheme
Houses are refurbished by one of the largest DIY companies in the U.S – Home Depot (this is included in the purchase price). They are then let to tenants backed by the US Department of Housing and Urban Development (HUD).
Investors receive excellent rental yields and this a totally “hands free” investment, with all homes full managed and for the first 2 years of the investment the refurbishments will be guaranteed by Home Depot at no extra cost to the owner/investor.
Overview
· 3 Bed Houses priced at $45,500 (€31,000 approx)
· 4 Bed Houses priced at $47,000 (€32,000 approx)
· Properties priced at between 30% - 40% below market value
· Net yields to expect are 16% approx.
· No shortage of tenants
· Maintenance included for 2 years
· Most properties are 3 and 4 bedroom detached properties
· Freehold, clean, clear and debt free title
· Located in good family neighbourhoods in areas of good rental demand
· Fully managed on the ground in Detroit and reports given to investors
· Secure government backed rental payments paid to owners – majority or all of the
rent paid by the HUD government body to owners
· Massive potential for Capital Growth
The Numbers
3 Bed House
Buy Price $45,500
Rent per month $800
Per Annum $9600
Gross Yield 21.09%
Annual Deductions
(Property Tax, Insurance
Management Fees) $2332
Balance $7268
Pre Tax NET Yield 15.97%
Full Prospectus with all details available on request
Telephone 01 297 3476 (00353 1 297 3476 from overseas) |
