Is the American Dream dead?

Owning your own home has always been part of the American Dream.

But at the moment it’s not something many can afford.

You see, home ownership levels in the USA have fallen to their lowest since 1994.

And today only 63.5% of Americans own their home.

Compared to a peak of 69.4% back in 2004.
(Source: US Census Bureau)

If you crunch the numbers – that’s 17,839,500 less home owners.

But if you are buying property to rent it’s good news.

Because these people are renting not buying.

Which means you will have more people interested in renting your property.

In fact, over the past 10 years the USA has gained over 10,000,000 renter households.

In Metro Detroit alone there are 500,044 of them.
(Source: US Census Bureau)

The reason is simple – fewer people can afford to buy.

Mortgage funding is not readily available.

People don’t have savings.

And many have low credit ratings since the financial crisis.

What’s more, the number of new households is growing fast.

In fact, in the 4th quarter of last year 1,700,000 were set up.

That’s over 4 times the amount created in the same period 2 years ago (356,000).
(Source: US Census Bureau)

All this extra demand is putting upwards pressure on rents.

So you won’t be surprised to learn, the median rent rose by 2.47% in Metro Detroit last year.

And experts at Berkadia predict it will rise by 3.14% this year.

But the American Dream has not been forgotten…

You see, 93% of renters plan to buy their own home one day.
(Source: Trulia)

Which means you will have a large number of potential buyers in a few years if you want to sell.

So if you would like to see what’s on offer whilst prices are still low – just reply to me.

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

This one is on Mark Twain Street in Fiskorn…

Mark Twain Street in Fiskorn

Fiskorn is a small neighbourhood in Northwest Detroit next to Grandale and Dearborn.

It is 14.3km from downtown Detroit or a 17 minute drive.

Many people living in Fiskorn work in Dearborn which is just a 5 minute drive from this property.

This is because property prices in Dearborn are much higher than in Fiskorn.

But it also means demand for housing in Fiskorn is high.

And this is already starting to push up property prices and rents.

So you are likely to benefit from strong capital growth.

This property is only 450 meters (0.3 miles) from Ford Elementary School.

And just a 1 minute drive to the shops, banks and restaurants on West Chicago Boulevard.

The house has 3 bedrooms, 2 bathrooms, a living room, a kitchen, a 650 sq. ft. basement and a 4,922 sq. ft. garden.

It is on offer for US$ 52,998.

Your monthly rent is US$ 850.

Your net yield is 15.03%.

That’s US$ 7,964 in your bank account every year.

Want full details?

Simply reply to me.

This place is on Riverview Street in Castle Rouge…

Riverview Street in Castle Rouge

Castle Rouge is an established neighborhood in Northwest Detroit.

It is on the border of the upmarket neighborhoods of Redford and Dearborn Heights where prices have risen by over 50% in the last few years.

As a result there is high demand for property in Castle Rouge.

And this is already starting to push up property prices and rents.

So you are likely to benefit from strong capital growth.

This property is 1km (0.6 miles) to the shops, banks and restaurants on Schoolcraft Avenue.

Rouge Park Golf Course is a 5 minute drive.

The house has 3 bedrooms, 1 bathroom, a guest toilet, a living room, a kitchen, an 825 sq. ft. basement and a 5,227 sq. ft. garden.

It is on offer for US$ 48,995.

Your rent is US$ 850 per month.

Your rental yield is 15.46% net.

That’s US$ 7,576 in your pocket every year.

Want to know more?

Just reply to me.

This last one is on Woodingham Drive in Fitzgerald…

Woodingham Drive in Fitzgerald

Fitzgerald is in West Detroit next to upmarket Bagley and the University District.

It is a great place to invest because the neighborhood is undergoing a US$ 30,000,000 revitalization project.

That means there is plenty of demand from home owners and tenants.

So property prices and rents are on the rise.

This property is only 800m (0.5 miles) from Marygrove College and a 3 minute drive to University of Detroit Mercy.

And just an 8 minute drive to Detroit Golf Club and Palmer Park.

The house has 3 bedrooms, 1 bathroom, a guest toilet, a living room and a kitchen.

There is also a 600 sq. ft. basement and a 3,005 sq. ft. garden.

This property is on sale for US$ 49,495.

Your rent is US$ 825 per month.

Your net return is 16.13% – after all expenses.

That’s US$ 7,986 in your hand every year.

If you would 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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