Section 8 tenanted property in USA paying 800 USD per month. Another great value Detroit foreclosure for sale!

Ref: US096
Selling Price: 43 000 USD
Price: £ 28 082 / 41 524 AUD
Area: Detroit

Property size: 1200 sq.ft.
Bedrooms: 3
Garage: Yes

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Description property in usa

· 3 Bed, 1.5 Bath Buy-to-let Investment Property
· Detached freehold property in good residential area
· House size = approx 800 sq.ft (not inc basement)
· Brick built with off road parking
· Full Size basement
· Double Garage
· Section 8 tenant in place (government subsidised)
· Actual Rental return = 800 USD/month

“Turn-key” investment requiring little input from the investor... full rental management included, no hassle, hands off property investment. There’s no better place to buy great value investment property at the moment than America. Our US foreclosure properties offer returns of around 25% gross (12-16% NET) – they are low cost investment opportunities with tenants in situ and huge capital gains to be experienced over the next few years.

We are the experts in selecting the right property. We only offer exceptional investments, like this excellent Detroit option in a stable residential area - sold fully renovated, with a SECTION 8 TENANT already in place, included in price.

This is an ideal location for excellent rental income and price rebound. This is a good middle-class area with all amenities close by like schools, sops etc. The property is in good condition and needs no improvement. Tenants are already in place and the rent is subsidised by the government making this an excellent buy-to-let hassle free investment property.

Prices are springing up from the absurdly low levels as local investors buy up such property, there are even bidding wars on many repossessions. Prices are now sharply on the up. The house was sold for 97,410 in March 2001, years before the property boom. It is currently valued at 92,500 USD and you can buy it now for only 43,000 USD!!

The actual rent is 800 USD per month, and the NET return is over 12% which is an excellent return, not to mention the huge capital gains to be experienced as the market rebounds. The property tax is fairly high at 3,500 USD but this gives you an indication that the area is very good as, in general, the higher the property tax, the better the area. This will come down as the government is lowering property tax to help home owners.