Detroit – the best places to invest

Deciding where you should buy your properties is the first step towards making your investments a success.

But don’t make the mistake of thinking the whole city will give you the same returns.

It won’t.

You really need to compare the different neighborhoods within the city and its suburbs.

That way you will discover the places which offer the best rental yields and capital growth.

So here is another for you to consider in Detroit…

Fitzgerald

Fitzgerald is in Northwest Detroit.

It borders Bagley and the University District – 2 of Detroit’s middle-class neighborhoods.

It is home to top ranking University of Detroit Mercy and Marygrove College.

And you’ll also find Livernois Avenue here – a thriving street with boutique shops and cafés, known locally as the ‘Avenue of Fashion’.

But there is another good reason you should look at Fitzgerald.

You see, the City is investing US$ 30,000,000 in the Fitzgerald Revitalization Project.

The project includes…

  • Turning 257 vacant lots into urban orchards, gardens and parks that the City’s Parks and Recreation Department will maintain
  • Building a greenway path through the neighborhood to connect the University of Detroit Mercy and Marygrove College
  • Providing residents with close, walkable access to grocery stores and other amenities
  • Creating bicycle lanes along Livernois Avenue

Director of the City of Detroit Planning and Development Department, Maurice Cox, tells you why it is important…

“As I’m fond of saying, this is the big payback. This is the thing that everyone has been waiting for, for attention to turn from the downtown to the neighborhoods. If there’s any directive I was given, we want to bring the neighborhoods of Detroit back.”

Of course, Detroiters already know the benefits of living in Fitzgerald.

And property prices in the area have been rising fast in recent months.

In fact, in February 2016 the median sales price for a detached property in Fitzgerald was just US$ 38,896.

But today it is not unusual to pay over US$ 75,000.

That’s an increase of 92.82% in a little over a year.

(Source: Realcomp II)

As a result rental yields are slightly lower than some other Detroit neighborhoods.

But as demand from local buyers continues to rise, you should see prices continue to increase.

So your rental yield is likely to rise.

The good news is there are a still a few bargains to be had.

But you need to act quickly.

Because I can still offer you fully renovated, tenanted properties in Fitzgerald from only US$ 47,495.

And you will earn rental yields of up to 16.13% net.

So if you want to see what’s available in Fitzgerald right now – just reply to me.

And if you’d like a full list of investment properties (ALL in good areas) simply reply to me.

Let’s have a quick look at a few that are available right now.

This one is on Wisconsin Street in Fitzgerald…

Wisconsin Street in Fitzgerald

It’s only 300 metres (0.2 miles) from Marygrove College and 2.5km (1.5 miles) to the University of Detroit Mercy.

The shops, banks and restaurants on Puritan Avenue are just a 1 minute walk.

It is 14.8km (9.20 miles) from downtown Detroit or a 15 minute drive.

This house has 3 bedrooms, 2 bathrooms, a living room, a kitchen, an 800 sq. ft. basement and a 4,792 sq. ft. garden.

It is on offer for US$ 54,995.

Your monthly rent is US$ 850.

Your net yield is 15.04%.

That’s US$ 8,269 in your bank account every year.

Want full details?

Simply reply to me.

This place is on Woodingham Drive in Fitzgerald…

Woodingham Drive in Fitzgerald

It is 14km (8.7 miles) from Downtown Detroit.

And 1.3km (0.81 miles) to Marygrove College and 1.7km (1 mile) from University of Detroit Mercy.

The shops, banks and restaurants on Livernois Avenue are a 10 minute walk.

This house has 3 bedrooms, 1 bathroom, a living room, a kitchen, an 836 sq. ft. basement and a 3,049 sq. ft. garden.

It is on offer for US$ 47,495.

Your rent is US$ 800 per month.

Your rental yield is 16.13% net.

That’s US$ 7,660 in your pocket every year.

Want to know more?

Just reply to me.

This last one is on Ohio Street in Fitzgerald…

Ohio Street in Fitzgerald

It is only 1.5km (0.93 miles) from Marygrove College and a 5 minute drive to University of Detroit Mercy.

And just 10 minutes’ drive to Detroit Golf Club and Palmer Park.

Wayne State University and Downtown Detroit are a 12 minute drive.

The house has 3 bedrooms, 2 bathrooms, a living room and a kitchen.

There’s also an 847 sq. ft. basement and a 3,920 sq. ft. garden.

This property is on sale for US$ 52,998.

Your rent is US$ 825 per month.

Your net return is 14.64% – after all expenses.

That’s US$ 7,757 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

Plus, with our Detroit properties you get all this completely free:

  • Free Title Insurance – value US$ 499
  • Free 1 year Property Insurance – value US$ 495
  • Free 12 month Home Warranty – value US$ 700

Total value = US$ 1,694.

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 would like full details of what’s on offer in Detroit – just reply to me.

Best,

Rebecca

Copyright OVG Invest Co. Ltd. 2009 - 2019
Email: info@ovginvest.com
Tel: +852 3101 7075 - Fax: +852 3101 7076
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