Mansfield Street, 3 Bedroom $31,700 - 26.5% NET Yield Year 1 (ZPOC-T2220022) - Property : North America / United States / Michigan / Detroit

Mansfield Street, 3 Bedroom $31,700 - 26.5% NET Yield Year 1 (ZPOC-T2220022)
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Property

22/05/2013 - réf 55559

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» Sale

» House / Villa

» Chalet / mobile home / modular space

23629.7447€

Rooms number :3

Address : (View map

)

Detroit

United States

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Imprimer

Great investment opportunity here with this single family home based in a desirable, family friendly neighbourhood in Detroit. The property has recently been renovated and offers a total of 3 bedrooms, 2 bathroom. 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 $31,700.00 Annual Rent $8400.00 Annual Expense Inc. Year 1 Insurance $350.00 Property Tax $1605.00 Property Management Fee $840.00 Annual Expense $2795.00 Net Profit Yr.2 $5605.00 1st Year Net Return 26.5% Year 2 Net Return 17.7% & Investment CharacteristicsBelow Market ValueCapital GrowthHigh YieldFully ManagedPositive CashflowImmediate IncomeTenanted PropertyProperty CharacteristicsDetatchedFreeholdProperty FeaturesOff Street ParkingKey selling points:Fully ManagedFully TenantedFully RefurbishedFull Clean Title InsuranceWarranty Deed1st year's Property Tax Insurance and Management fees ALL included within the purchase price.

Agents/Owners

Arkadia