3 Bed House For Sale in Detroit America | PA14-PIH2012-0962

BMV USA Property – Fully Tenanted | 50% Financing

Price: £16,900

Location: Detroit, Michigan, America

Property Type: House

Number of Beds: 3

Swimming Pool: No

Listing Type: For Sale

Property Reference: PA14-PIH2012-0962

BMV USA Property – Fully Tenanted | 50% Financing

Exclusive Offer - Invest in a detached 3 bedroom fully tenanted property in the best performing USA housing market where prices have gone up 10% in the last 12 months! With a further 20% expect by 2014 now is a great time to benefit from rising property prices and high rental yields of 17% pa.

We have sourced a superb selection of buy-to-let investment opportunities for our clients.

These recently refurbished, managed buy-to-let houses offer net yields of around 17% and are managed by one of Detroit's most respected management companies. All properties are located in Detroit, a prime investment area that offers massive capital growth prospects and high rental yields.

BMV USA Property – Fully tenanted with 50% financing
Invest from: £11,500 / $18,500
Location: Detroit, Michigan, USA
Property Type: Detached House
Number of Beds: 3
Receptions: 2
Basement: Fully functional
Garage: Yes
Listing Type: Ready property
.
Investment Summary
Prices from: £16,900 / $27,000
A range of buy-to-let properties
Brick-built 3-bedroom detached houses
50% Non status financing
Fully managed and refurbished
Over 8000 families on waiting list to rent these types of properties
All housing is Government approved
Rent is backed by Government
High-level employers in the local area
Net yields of approx 19%

Key Features

50% Non status financing
Ready tenanted
Secure purchase process
Full title insurance
Freehold title
Free from debts and liens
50% Below build cost
19% net yield
All properties are Government approved
Rent is backed by Government
Fully managed
Fully refurbished
Desirable area
Close to Fortune 500 employers
Starting from £16,900 / $27,000

Typical Example:

3-bed, 1-bath Family Home
Purchase Price: £16,900 / $27,000
Fully tenanted and cash flowing from day one
Significantly below market value
Annual Rental Income: £5,250 / $8,400
Annual Net Income: £3,365 / $5,385
Total Net Yield: 19%

50% Finance Available on Buy-to-Let Properties in Detroit

Our Detroit financing package is non status and available to all investors when purchasing pre-tenanted, buy-to-let properties in Detroit. Repayable over a 5 year term, the mortgage is guaranteed and secured on the property. This is a cash flow positive property - rent will cover the monthly repayments.

Our properties are typically 50% below what the build cost would be to replace a similar property. Enquire now before this window of opportunity closes!

Exchange rate of 1.6 used for above calculation. These figures may fluctuate with the exchange rate - please check at time of enquiry.

Key Features

• Lounge
• Telephone Points
• Parking Space
• Dining Room
• Electricity Installed
• Driveway
• Gardens
• Utility Room
• Bathroom
• Smoke Detectors
• Gas Installed
• Garage
• Water Installed
• Central Heating

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Please Note:
All property information is submitted by the agent or private seller and is true at the time of submission.

By completing this enquiry form you agree to our terms and conditions and are allowing the agent to contact you directly to discuss the property and provide more information.