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Detached houses for Sale in Detroit, MI

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$52,072

June 27th, 2013 11:14 pm
Purchase Price $69,000.00 Annual Rent $24,000.00 Expenses: Management Fees $1920.00 Insurance $600.00 Property Tax $2459.92 Annual Expense $4980.00 Year 1 Profit=$19,020-Year 2 Onward Profit=$22,952+ Year 1 ROI=28%-Year 2 Onward ROI=30%+ We offer high Yielding Property Investments in the better areas of Detroit, which are designated for stabilization. Detroit has gone through an economic and social upheaval unmatched by any other city. Now Detroit is going through an economic and social revival. Our focus is not on the sale, as the opportunity sells itself, our focus is on customer care after the sale. Why do most of our competitors take up to 90 days or more to close? Most of our deals close in 10 to 15 days. Our process is much simpler and more direct, All our properties are available at the time of listing, already fully refurbished, tenanted and cash flowing so what you see in the pictures is what you get , we own most (90%) of what we sell and close in 15 days of signing a purchase agreement. You can can tie up your money with them for 90 days, or you can come to us and cash flow in 10-15 days A simple exit strategy. Future Rise in Rental Rates – As long as lending remains tight, rents will increase. Return on equity – When financing does become readily available which is a President Obama priority, property values will increase dramatically , whether selling or financing, this is the time to take your profits. This is Déjà vu. We haven't seen a better time to buy real estate since the savings and loan crash of 1989, most investors that had purchase property at the bottom of the market in 1991 (as we did) did very well over the next few years. If you let the opportunities of 1991 slip you by, don't let it happen again in 2013 , simply put “this is Déjà vu”, just look back and learn from the past. We also offer free property tax reduction programs. We will submit your property for property tax abatement to the state of Michigan, this would normally cost you $1000, but we offer this free of charge! The average reduction granted by the state of Michigan is about 70% , 95% of the time of reduction is granted , if your taxes are $2500 your abated taxes would average $750, on a $35,000 property this reduction would increase your ROI by 5%, which would add $7000 to the value of your property, this is by far the best way to increase your income and equity. Sure Detroit has had more than her fair share of problems, but once she gets her stride and is firing on all 8 cylinders, she will be moving too fast to get on for the ride, now's the time to INVEST before it's too late. Key selling points: Professional Managment Company Full Clean Title Insurance Warranty Deed Simple exit strategy Best after the sale client care in the industry We can help you set up your LLC We can help you set up your U.S. bank account We can introduce you to the best low-cost accountants CPA We can introduce you to the best low-cost Atty Solicitor We will be there to assist you throughout the ownership of your property We strive to build long-term relationships We will always be there for you after the sale We never post example pictures of what you might get. With us what you see is what you get Rent ready and tenanted close in 15 days Reduce property taxes by up to 70% free of charge. http://www.arkadia.com/zpoc-t3053107/
Detached house for sale, Detroit, MI

$16,603

April 4th, 2013 08:40 am
Bedrooms: 3
Bargain house in Detroit. Only $22,000. Originally sold for $76,000 in 2004. Great rental return. 850 sq ft. 4,356 sq ft lot size. Built in 1953. 3 bedrooms. 1 bathroom. Annual tax $2,450. Insurance $500 per year. Management fees $65 per month. Rented for $650 per month. ROI per year $4,130. Yield 19%. Key selling points: Only $22000 Sold for $76000 in 2004 Rented out for $650 per month Good location. http://www.arkadia.com/zpoc-t2834823/
Detached house for sale, Detroit, MI

$37,734

April 4th, 2013 08:40 am
Bedrooms: 8
8252 Wisconsin, Detroit MI 48206 3801 sq ft Lot size 4,791 sq ft Built in 1926 8 bedrooms 4 bathrooms Annual taxes $1,245 Insurance $750 per year Management fee $180 per month Rent Amount $1,800 Yield 35% ROI per year $17,445 Sold for $125,000 in 2007 Today's price $50,000 Only $10,000 to reserve then balance on closing. Key selling points: Great rental return 35% yield. http://www.arkadia.com/zpoc-t2834824/
Detached house for sale, Detroit, MI

$16,225

April 4th, 2013 07:10 am
Bedrooms: 3
1018 sq ft 4661 sq ft lot Built in 1948 3 bedrooms 1 bathroom Annual taxes $2,511 Insurance $500 per year Management fees $65 per month Rent $650 per month Sold for $89,000 in 2005 Only $21,500 Great deal on this low cost brick built house in Detroit. Only $21,500 to buy, that is cheaper than some family cars. 1,018 sq ft. 4,661 sq ft Lot. Built in 1948. 3 bedrooms. 1 bathroom. Annual taxes $2,511. Insurance $500 per year. Management fees $65 per month. Rent $650 per month. Sold for $89,000 in 2005. Investment Characteristics Residential Letting Capital Growth High Yield Key selling points: 1018 sq ft 4661 sq ft lot Built in 1948 3 bedrooms 1 bathroom Annual taxes $2511 Insurance $500 per year Management fees $65 per month Rent $650 per month Sold for $89000 in 2005 Only $21500 to buy today. http://www.arkadia.com/zpoc-t2784428/
Detached house for sale, Detroit, MI

$18,112

April 4th, 2013 07:01 am
Bedrooms: 3
1,000 sq ft house. Brick built Lot size: 5,227 sq ft Year Built: 1952 3 bedrooms and a basement 1 bathroom Annual tax: $1,402 Insurance $500 per year Admin fee $65 per month Rent amount $650 Yield 22% ROI per year $5118 Sold for $78,000 in 2004 Price today only $24,000 Investment Characteristics Below Market Value High Yield Positive Cashflow Immediate Income Discounted Price Property Characteristics Freehold Off Market Renovated Property Features Garden Basement Key selling points: Only $24-000 - cheaper than some family cars Already rented out for $650 per year 22% yield Brick built Good location Only $5000 to reserve then balance on closing Sold for $78000 in 2004. http://www.arkadia.com/zpoc-t2710921/
Detached house for sale, City  Detroit

$18,867

April 4th, 2013 07:19 am
Bedrooms: 3
Sold for $105,000 in 2006, now only $25,000! Nice neighbourhood The exterior condition of this property is in great shape. The inside of the property is also in decent condition. All mechanicals are intact and functioning as they should: electricity, plumbing and heating systems. 1,405 sq ft Lot size 4,879 sq ft Built in 1936 3 bedrooms 1.5 bathrooms Annual tax $3,148 Insurance $500 per year Admin fee $65 per month Monthly rent $650 Yield 15% ROI per year $3,427 Sold for $105,000 in 2006 Investment Characteristics Capital Growth High Yield Positive Cashflow Immediate Income Key selling points: Sold for $105000 in 2006 Now only $25000 Rented out for $650 per month Nice neighbourhood. http://www.arkadia.com/zpoc-t2710928/
Detached house for sale, Detroit, MI

$21,131

April 4th, 2013 07:01 am
Bedrooms: 3
1,352 sq ft Lot size 5,662 sq ft Built in 1952 3 bedrooms 2 bathrooms Annual taxes $3,434 Insurance $600 per year Management fees $90 per month Rental amount $900 per month ROI per year $5,686 Yield 21% Investment Characteristics High Yield Positive Cashflow Immediate Income Key selling points: Sold for $135-000 in 2005 Today's price only $28-000. http://www.arkadia.com/zpoc-t2710929/
Detached house for sale, Detroit, MI

$16,980

April 4th, 2013 07:01 am
Bedrooms: 3
Low cost house in Detroit - only $22,500! Originally sold for $82,000 in 2004! The exterior quality of the property is excellent. The interior condition is excellent. All rooms have been freshly painted and the floors are in good condition. All mechanicals are intact and functioning as they should: electricity, plumbing and heating systems. Very nice, quiet neighbourhood in a convenient location. 904 sq ft Lot size 5227 sq ft Built in 1952 3 bedrooms 1.5 bathrooms Annual taxes $2,550 Insurance $500 per year Rented out for $700 per month Admin fee $70 per month Return on Investment per year $4,510 Yield 21% Investment Characteristics Residential Letting High Yield Positive Cashflow Immediate Income Key selling points: Low cost house in Detroit for only $22500 Originally sold for $82000 in 2004 Rented out for $700 per month Very nice- quiet neighbourhood in a convenient location. http://www.arkadia.com/zpoc-t2710930/

$28,523

April 4th, 2013 07:24 am
This excellent Colonial, 2 Storey Home offers investors and tenants a fantastic opportunity. Well located next to transport links, schools and shopping malls the tenant will be pleased with the location. The home is currently priced at 1996 prices and less than 50 % of the current cost to build the home (not including land or labor costs) Essentially downside price risk is minimal and the strong upside potential creates a favorable risk reward ratio that all property investors should insist upon. We operate a performance guarantee to secure our buyers interests. What this means is that your deposit is held in US ESCROW by a licensed and insured Title Company. Once the refurbishment and tenancy have been completed you will be sent comprehensive video and images showing the quality of the work. We will also evidence the lease contract so you can be sure you are buying an income generating property. Once we have satisfied you of our competence you will be asked to wire the balance of funds into ESCROW and complete the purchase. If (this has not happened yet) you are not happy with the work or we take too long to complete the tenancy (max 90 days) you are within your full rights to cancel the purchase and all funds will be promptly refunded to your source account. In addition to the above we also offer Title Insurance and Warranty Deed. (Not many offer that combination of protection) In short - We have created the most secure buying process available in Detroit. Please enquire to receive the full details of this property and to learn why we are the only company you should talk to before buying in Detroit. Internal photos are typical refurbishment photos and for illustration purposes only. Actual internal photos of the listed home will be provided before closing. Key selling points: Pre Tenanted Before Closing or Money Back Certificate of Approval Included in Price Fully Refurbished to High Standard Full Title Insurance Included in Price Full Service Property Management Genuine Hands Free Turn Key Investment 45 - 90 Days from Reservation to Income High NET Yield of 19 % Final Balance Only Requested After Lease is Evidenced Selling for 1996 Prices and 50 % Less Than Cost To Build. http://www.arkadia.com/zpoc-t2303418/
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