Offering you a total 3 Bedrooms & 1 Bathroom including detatched garage.
This property is delivered refurbished rent ready to meet section 8 standards, and 100% occupied by fully vetted market or Gov subsidized section 8 tenants.
Purchase Price $27,000
Annual Rent $8,400
Property Tax $1,119
Property Management Fee $840.00
Annual Expense $2,309
Year 1 Profit = $6,091 ROI=23%
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 a 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.