Property ID: 3995042

Price: 3995042 49990.00 USD

Key Features

Residential Property

The United States - Michigan - Wayne County Detroit

House

Full Description

We have sourced a superb selection of cash buy-to-let investment opportunities for our clients.

These recently refurbished, fully-managed family homes offer net yields of around 14% and are exclusively available to our clients from a private portfolio sale. All properties are located in Detroit, a prime investment area that offers significant growth potential. The properties are fully-managed by one of the largest and most established management companies in the area, ensuring buy-to-let investment offering immediate, sustainable rental returns, any investor's dream.

 

Investment Summary

Prices from: $49,990

A range of buy-to-let properties available

Exclusively availabe to our clients

Private portfolio sale

Brick-built 3-bedroom detached houses

Fully managed and refurbished

Managed by one of the largest and most established management companies in the area

High-level employers in the local area

Net yields of approx 14%

Typical Example

3-bed, 1-bath family home

Purchase Price: $49,900

Annual Rental Income: $9,990

Est. Annual Tax: $1,326

Est. Annual Insurance: $600

Annual Management Fee: $990

Net Income: $6,984

Total Net Yield: 14%

 Comparing USA BTL property to other investment vehicles

With UK interest rates stuck on 0.5% and with the global stock markets plummeting down, many investors are looking to take money out of their savings accounts and ISAs and putting it elsewhere.

We compared some of the best savings products in the UK to investing in USA buy-to-let property and UK buy-to-let property.

The results speak for themselves. According to our research, USA buy-to-let investment currently demonstrates an easily-achievable net yield of approximately 12%, compared to an average of 6% amongst UK buy-to-lets and 3 - 4% for other leading investment vehicles.

For those investors that are fed up with their money accruing very little interest while sat in an ISA or savings account, it is time to put it into fully-managed USA buy-to-let property and start realising much higher returns.

Why invest in Detroit?

In recent years Detroit, the largest city in Michigan, has been hugely affected by the economic downturn, experiencing a record number of property repossessions and bank foreclosures, which in turn has led to a huge shortage of affordable family homes. This has created prime investment conditions, as properties are now hugely discounted, and in high rental demand.

In an attempt to re-home those citizens who have lost their homes to repossession, a government-led partnership scheme has been set up to refurbish foreclosed homes, to provide clean, safe accommodation for working families. Here investors not only benefit from high quality properties, but a robust investment with rental returns backed by the US government.