Fleming Street, 5 Bedroom, $33,000 - 17.6% True NET Yield (ZPOC-T2220021)

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Property
22/05/2013 - réf 55539
Professional announcer
» Sale
» House / Villa
» Chalet / mobile home / modular space
24589.3282€
Rooms number :5
Address : (View map )

Detroit

United States

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Fantastic investment opportunity 5 Bedroom, 1 Bathroom Single Family home. Cash-flow from close brick built bungalow in a great neighbourhood of Detroit. Fully managed property and completely refurbished throughout. This property offers a high yearly return of 17.6% net with great long term capital appreciation. & All of our units have full Title Insurance and Warranty Deed.

  • All packages come inclusive with full service property management offering a genuine hands free property investment. &
  • All properties are refurbished with quality materials and professional rehab team
  • We only sell freehold properties that are clean and clear of debts and taxes. &
  • & All funds are held in US ESCROW by reputable and professional title companies - so you can rest assured all funds are safe throughout the entire purchase process. &
  • The financial crisis has created a genuine opportunity in Detroit that investors are unlikely to see again in this decade or even next. Prices are 50 % less than the cost to build and 65 % less than peak values.
Purchase Price $33,000,00 Annual Rent $10,200.00 Annual Expense Insurance $400.00 Property Tax $2976.00 Property Management Fee $1020.00 Annual Expense $4396.00 Annual Net Profit $5804.00 Annual Net Return 17.6% Investment CharacteristicsBelow Market ValueCapital GrowthHigh YieldFully ManagedImmediate IncomeTenanted PropertyKey selling points:Fully MamagedFully TenantedFully Refurbished throughout

Agents/Owners
Arkadia
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Number of bedrooms : 5

Number of bathrooms : 2

Price of the real estate or monthly rent if this is a rental or roommate : 24589.3282 €

Date of the last real estate ad update : 22/05/2013