As an investor it’s important to look at the local economy where you plan to invest.
Who is investing in the city?
How much development is going on?
Are people moving to the city because jobs are being created?
What about major companies moving their headquarters to the city?
If you’ve been reading my emails over the last few years you may know there’s a lot of investment in Detroit.
But did you know, on 13th August, Chemical Bank – Michigan’s largest bank – announced they are relocating their headquarters to the city.
Moreover, the bank is moving 500 staff to a brand new 20 storey 250,000 sq. ft. sky scraper.
Detroit Mayor Mike Duggan enthused…
“I never thought I’d see the day that we would have an announcement that a 20-story headquarters building, the corporate headquarters of a major regional bank, Chemical, would be moving with 500 jobs right here to the city of Detroit.”
President and CEO of Chemical Bank Thomas Shafer explained the move…
“Detroit is the financial hub for advanced manufacturing and mobility as well as a growing nexus for young entrepreneurs looking to leverage the city’s rich history of innovation and hard work, and Chemical Bank is excited to help them build our economy and invest in Michigan’s future.
With our legacy markets as our foundation, Chemical Bank’s continued expansion into the Detroit market establishes us as a leading financial institution in the Midwest.”
Construction is scheduled to begin by the second quarter of 2019 and cost a whopping US$ 50,000,000.
Bank officials said the “benefits far outweigh the cost” in terms of talent recruitment, amenities, location and opportunities for new business.
But this is not the only new skyscraper going up in Detroit.
Billionaire, Quicken Loans CEO, Dan Gilbert, has plans for several new buildings in the downtown core.
I’ll tell you more about that another time…
Why is this important to you?
Because it shows you how much Detroit has progressed in the last few years.
And as local buyers rush to buy property in the city median prices are now well over US$ 50,000.
(source: Trulia market report)
But the good news is I can still offer you fully renovated, brick-built, tenanted properties from only US$ 35,995.
And you will earn rental returns up to 19.39% net.
But the way the market is moving means your opportunity will soon be gone.
So if you’d like to see what’s on offer – just reply to me.
Let’s have a quick look at a few that are available right now.
Denby is in East Detroit next to upmarket Grosse Pointe and Harper Woods.
A lot of money has been spent regenerating this neighborhood over the last few years.
Skinner Park was renovated at a cost of US$1,400,000 in August 2016.
It now has 2 basketball courts, a volleyball court, pickleball court and a mixed-use football and soccer field.
As a result it is popular with parents and children.
So there is high demand for rental property in this area and property prices are rising fast.
This property is 2km (1.3 miles) to Skinner Park and Denby High School.
The shops, banks and restaurants on Morang Avenue and Harper Avenue are a 5 minute walk.
This house has 3 bedrooms, 1 bathroom, a living room, a kitchen, a 737 sq. ft. basement and a 4,138 sq. ft. garden.
It is on offer for US$ 42,495.
Your monthly rent is US$ 750.
Your net yield is 17.03%.
That’s US$ 7,236 in your bank account every year.
Want full details?
Simply reply to me.
Warrendale is in southwest Detroit next to Rouge Park and downtown Dearborn Heights.
Properties in Warrendale are mainly owner occupied and well maintained.
And that means vacancy rates are very low – so you should never struggle to find tenants.
This property is 800 meters (0.5 miles) to the shops, banks and restaurants on West Warren Avenue.
It is a 9 minute walk to Warrendale Charter Academy and a 15 minute walk to Vista Meadows Academy.
Dixon Educational Learning Academy and Carver STEM Academy are a 5 minute drive.
This house has 3 bedrooms, 1 bathroom, a living room, a kitchen, a 600 sq. ft. basement and a 5,097 sq. ft. garden.
It is on offer for US$ 38,995.
Your rent is US$ 650 per month.
Your rental yield is 15.51% net.
That’s US$ 6,048 in your pocket every year.
Want to know more?
Just reply to me.
Denby is known for its excellent block clubs.
They play an important role in the community by organising local events and meetings.
Moreover, they encourage neighbors to be vigilant which helps to keep crime rates low.
As a result there is high demand for rental property in this area and property prices are rising fast.
This property is 2.2km (1.3 miles) to Denby High School and Skinner Park.
And only a 5 minute walk to the shops, banks and restaurants on Morang Avenue.
This house has 3 bedrooms, 1 bathroom, a living room and a kitchen.
There’s also a 750 sq. ft. basement and a 5,358 sq. ft. garden.
This property is on sale for US$ 44,995.
Your rent is US$ 750 per month.
Your net return is 15.87% – after all expenses.
That’s US$ 7,140 in your hand every year.
If you’d like to know more – simply reply to me.
Remember all our USA investment properties are:
- Fully renovated – average cost of works US$ 20,000
- Freehold with full warranty deed
- Already tenanted with pre-screened tenants – you get paid from day one
- Professionally managed – your rent is paid on time into your own bank account
I won’t offer you unrealistic guarantees which can’t be fulfilled, like some people I could mention.
But I do promise you…
- Your vacancy rates will be very low (last 3 years 3.58% average)
- You will always get paid what you are due
- I will stay right by your side for as long as you own your property
It doesn’t matter if it’s 3 months or 30 years – if you have a problem I’ll be here to help.
Because I know that if you get the returns you are expecting you’ll come back for more.
You might even refer your friends and family, if I’m really lucky.
And unlike many of my competitors I don’t charge you a finder’s fee, an enabling fee or an arrangement fee.
In fact I don’t charge you any fees at all.
So if you’d like full details of what’s on offer in Detroit – just reply to me.
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