Buy-to-let investment property close to 2 universities and Detroit Golf Club, over 13% NET return!

Ref: US111
Selling Price: 46 900 USD
Price: £ 30 629 / 45 290 AUD
Area: Detroit

Property size: 1538 sq.ft.
Plot size: 4225 ft.
Bedrooms: 3
Garage: Yes

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Description property in usa

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“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 (10-16% 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 and tenanted inc in price.

This is an ideal location for fantastic rental income and price rebound. The location of the property is excellent; a lovely street, close to 2 universities and Detroit golf club.

The property requires only small improvement (included in the price) and will be popular to rental tenants if the length of stay of the previous owner is anything to go by. The elderly woman has just left after 40 years! Now, sadly, the property needs selling to meet cost of moving in sheltered accommodation.

The photos below show this property has been well maintained, there are good wall and floor coverings, windows and after having viewed the property, we can confirm our view that tenants will be very keen to rent and, most importantly, it should be highly saleable to make a very profitable exit strategy for the investor.

At only $46,900, this is a steal. Neighbouring houses are valued at way above this, over $100,000 in some cases, and that’s depressed present prices. This house is presently valued at $91,500 by Zillow.com. That means it is likely to command a Bank valuation close to this sum for mortgage purposes; very useful for investors wishing to cash out after purchase. In short, this is another great property selling for a fraction of true worth and the time to secure such bargains is slipping away as prices continue to rise for such foreclosures. NET return is nearly 14%!

Buying process

1.Reserve with $2000 and pay Notary fee of $800 (payment can be made via a credit card or a bank transfer).

2.Preliminary Contract sent to you to sign and return within 48 hours.

3.Pay $34,900 to Company Client Account within 2 weeks.

4.Pay $5,000 2 weeks later, and then a final $5,000 instalment upon completion and a tenant in place.