US (Detroit) REPOSSESSED
From
THB |
1,493,100 |
US$ |
45,000* |
SG$ |
63,316.59 |
HK$ |
349,699.08 |
GB£ |
27,908.42 |
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LIFESTYLE “EXCLUSIVE OFFER”
With 5.4 m people, Detroit is the largest city of Michigan. Following the recent economic downturn particularly in the car sector, Detroit has seen many properties being repossessed which are now available for purchase (including refurbishment) at 40% below market value. Government fiscal packages are now starting to kick-in but with local mortgages still difficult there is now a large local requirement (Est. 9000) for affordable rental accommodation.
We offer clients, the benefit of a ‘hands free’ ownership experience. For the first 24 months the property is completely maintained at no cost to the owner. This is backed by Home Depot, a ‘Fortune 500’ company. The property owner will only be required to pay property tax and insure the property. All properties are refurbished at outset within one all encompassing cost.
KEY FACTS
- 3 & 4 bed repossessed detached properties USD$45,000 & USD$47,000
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- 40% below current market value
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- 21% gross potential rental yields (US Government backed rental scheme)
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- Supplies for refurbishment provided by The Home Depot with 24 month guarantee on equipment
No closing costs
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- No maintenance costs for two years
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- Fully managed & regularly inspected. Inspection reports every year, and available on line
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- Various exit strategies including ‘Lease To Own’ programmes
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- Large waiting list of pre-qualified tenants to rent your property
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- Guarantee every property is superior brick built with a basement and in a nice family-oriented neighborhood
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- Reduced Enabler Fee now only USD3000 of per property
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- Pre-tax net yields of approximately 15%+
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- Property Tax Saving Programme (this is annual city council rates)
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- Big potential for capital growth
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- An Ethical investment, recycling foreclosed empty homes and housing low income families.
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- Secure government backed rental payments
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ADDITIONAL INFORMATION AVAILABLE ON REQUEST
- Price List
- Floor Plans
- Developers Forecast Rental Returns
- Lifestyle Properties “Buyers Investment Report” (Our own unique research report on this property)
- Construction Pictures
For more information on this project please enter your contact details in the form on the left…
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