Great Investment Detroit Three Bedroom..

Great Investment Detroit 3 Bedroom House Detroit is a city on the upward move. Rated by New York City annual fifty best places in the world to visit, as number nine in this year's review. Excellent net return at 12.73% per annum. Paid monthly, net income - 689.42 USD. Property Reference: OVG 1004

Property Reference: OVG 1004

Great Investment Detroit 3 Bedroom House

Detroit is a city on the upward move. Rated by New York City annual fifty best places in the world to visit, as number nine in this year's review.

Excellent net return at 12.73% per annum

Paid monthly, net income - 689.42$ USD.

All our selected properties are fully renovated to a very good standard. The cost of these renovations varies on average between 20,000 $ and 25,000 $ USD.

The Area

9405 E Outer Drive is in the Ravendale neighbourhood of Detroit. The majority of properties in this area are 3 and 4 bedroom family homes, mostly owner occupied. Many of the houses were built between 1940 and 1969, which means the trees and gardens are very well established.

This detached family home is a ten minute walk from:

* Glenfield
* Lannett playground
* Denby high school
* Skinner playfield

* Outer Dr E is within a 2 minute walk of many banks and restaurants and your local shopping and is very good for travel routes.

* E Edsel Ford Fwy is a five minute drive as is Chandler Park and Seven Mile E.

The Property

This 3 bedroom single family home is in Ravendale neighbourhood of Detroit. It is situated close to public and private schools and is 2km from E Edsel Ford Fwy.

Note: The interior pictures illustrated are not from this property, just an example of recent renovations.

PRICE 64,995 USD $

PRICE per sq. ft. USD $ 41.56

Type Single Family Home

Area Ravendale

No. of Stories 2

Bedrooms 3

Bathrooms 2

Living Area (sq. ft.) 1,564

Basement (sq. ft.) 800

Land size (sq. ft.) 6,098

Parking 2 car

Exterior Brick

Year Built 1940

We will also provide you with . . .

12 MONTH HOME WARRANTY - VALUE US$ 700

This property comes complete with a 12-month Home Warranty.

Your Preferred Home Warranty covers:

* Attic and exhaust fans
* Electrical systems
* Central heating systems
* Septic tank and pumps
* Water heaters
* Plumbing
* Water well pumps

12 MONTH PROPERTY INSURANCE - VALUE US$ 495*

This covers you for damage in the event of:

* Fire
* Theft
* General commercial liability up to US$ 1,000,000
* Lightning
* Windstorm and Hail
* Smoke
* Sinkhole Collapse
* Vandalism or Malicious Damage

Please note, this policy is subject to a deductible of US$ 5,000
TITLE INSURANCE - VALUE US$ 499

Title insurance is essential when you buy any property in the USA. It covers you for problems there may have been with the title before you took ownership. This could be anything from a dispute with neighbors to encroachment or unpaid taxes. Title insurance is provided at the closing of the sale and is valid from the moment you take ownership. Your title insurance lasts as long as you own the property and there are no further payments.

An Important Management Question

HOW CAN YOU BE SURE YOUR INVESTMENT IS BEING LOOKED AFTER?

As you know, a property investment designed to provide passive income is only as good as the management company looking after it.

Our Detroit management company has over 40 years of experience and currently handles over 600 properties. As one of the largest management companies in the Detroit area they can provide a fully 'hands free' service for you - wherever you are in the world.

They have a proven track record of achieving maximum rental income for investors with minimum hassle. In fact, they consistently achieve a 97% occupancy rate due to their excellent marketing and tenant support.

They also employ a strict, comprehensive tenant screening process; from obtaining detailed references through to credit checking. This ensures your rental income is paid on time every month. And to make sure your properties are well looked after they will:

* Advertise for, interview and screen new tenants
* Collect your rent and pay it into your bank account
* Pay your bills
* Carry out regular property inspections
* Arrange repairs and maintenance
* Liaise with tenants to resolve problems
* Arrange documents for your tax return
* Negotiate property taxes on your behalf
* Be available 7 days a week You also get access to your own secure website

This means you can view your monthly account statements, signed contracts with tenants, your property tax receipts, maintenance quotations and bills, a copy of your management agreement and inspection reports - 24/7 wherever you are.

Your rent is paid directly into your nominated bank account. This can be in the US or anywhere in the world

Detroit, Michigan listed by New York City in 2017

As number 9 in their annual report

'50 Best Places to Visit on the World'

A comeback city set to make good on its promise.

Detroit's revitalization, after its 2013 bankruptcy filing, has long been building. In 2015, it was named a UNESCO City of Design. But 2017 may be the year promise becomes reality. The newQLINE streetcar is expected to open in April, connecting the central Woodward Avenue corridor some 3.3 miles between downtown and the revived New Centre area. It passes through Midtown, home to the DETROIT INSTITUTE OF ARTS, and the entertainment-focused District Detroit, where a stadium opening this fall will be shared by the Detroit Red Wings and, in a return from the suburbs, the Detroit Pistons.

CONTACT US FOR FULL DETAILS.