Lifestyle Activities
City, Cycling
Amenities & Services
Schools, Shops, Management
Property Characteristics
Detatched, Renovated
Investment Features
Fully Managed property, Tenanted Property
2011 has proved to be the turning point in the US economy. The US economy has returned to healthy growth and President Obama has hailed Detroit as an example to all Americans as a city which, once on the brink, is returning to prosperity with the expansion of the automotive industry and the creation of thousands of new jobs. The American government invested billions into Michigan and in particular into Detroit over the last 2 years and this investment in this industrial powerhouse has now paid off with Detroit leading the American recovery. This is also true of the Detroit property market with price rises in this city growing faster than any other US city.
"Most of the biggest price gains in the Case-Shiller series were reported in Midwest cities, with Detroit, Minneapolis, and Chicago showing price gains of 3.8 percent, 2.6 percent, and 1.9 percent, respectively. This report continues a pattern of rapid price gains in these cities. Over the last three months prices have risen at an annual rate of 55.9 percent, 40.1 percent, and 30.9 percent, respectively"
With billions being invested into this great city and a huge regeneration project under way, Now is the optimum time to take advantage of the still incredibly low property prices in the best neighbourhoods of Detroit.
With well known property investors buying-up swaithes of property in this city, including Donald Trump, current price points cannot last long.
Purchase example:
5 bedroom detached brick built property:
Purchase price $46,000 or £27,500
Property fully refurbished in excellent condition. Tenant waiting.
NET rental income after all management fees and charges $,8050
NET income = 17.5%
Properties are fully managed hands-off investment. Price points will be rising from here on in. Please contact us now to discuss your investment in this fantastic property market and benefit from the full upward cycle.
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