Your new Detroit property market report

September’s housing market figures are out.

And it has been another good month for property in Metro Detroit.

The median sales price is up 2.31% year-on-year.

It now stands at US$ 177,000.

That is up from US$ 173,000 in September 2017.

And in Wayne County (where most of our properties are located) prices rose 1.56%.

From US$ 128,000 to US$ 130,000.

Take a look for yourself…

2018 September Median Sales Prices in Metro Detroit, Michigan, USA

Sales were down 5.31%.

There were 4,994 last month compared to 5,274 in September 2017.

Meanwhile, inventory continues to fall.

You see, last month there were just 14,228 properties on the market – compared to 16,740 in September 2017.

That’s a decrease of 2,512 properties or 15.00%.

And it means there is only 2.84 months of inventory available at September’s sales pace.

On top of that, property is selling faster than ever.

It now takes just 27 days to sell a property in Detroit, on average.

That is 3 days less than in September 2017.

To summarise for you…

  • Median sales price up 2.31% in Metro Detroit
  • Median sales price up 1.56% in Wayne County
  • Sales down 5.31%
  • Inventory down 15.00%

These are all good signs the Detroit property market is getting stronger and stronger.

But although the median sales price in Wayne County is now US$ 130.000.

I can still offer you fully renovated, tenanted properties from just US$ 42,995.

And you will earn rental returns up to 17.20% net.

But the way the market is moving means your opportunity will soon be gone.

So if you would 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.

This one is on Washburn Street in Bagley…

Washburn Street in Bagley

Bagley in Northeast Detroit is one of the most prosperous neighborhoods in the city.

It borders affluent Palmer Park and University District.

The majority of properties in Bagley are owner-occupied.

And crime rates are very low.

As a result there is high demand for property in the area from buyers and tenants.

What’s more, prices have more than doubled in the last 3 years and continue to rise.

This house has 3 bedrooms, 1 bathroom, a living room, a kitchen, an 825 sq. ft. basement and a 3,920 sq. ft. garden.

It is on offer for US$ 54,995.

Your monthly rent is US$ 850.

Your net yield is 14.82%.

That’s US$ 8,148 in your bank account every year.

Want full details?

Simply reply to me.

This place is on Appoline Street in Bagley…

Appoline Street in Bagley

Bagley is one of the most in-demand areas of Detroit.

Median prices of properties in this area are well over US$ 60,000.

Crime rates are low and there is very limited property on the market.

This property is right across the road from Lewis College of Business.

The shops, banks and restaurants on Six Mile West are a 1 minute walk.

The house has 3 bedrooms, 1 bathroom, a guest toilet, a living room, a kitchen, a 956 sq. ft. basement and a 3,920 sq. ft. garden.

It is on offer for US$ 54,995.

Your rent is US$ 850 per month.

Your rental yield is 14.77% net.

That’s US$ 8,124 in your pocket every year.

Want to know more?

Just reply to me.

This last one is on Riad Street in Denby…

Riad Street in Denby

Denby is in East Detroit next to affluent 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 September 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 only 900 meters (0.6 miles) to Denby High School and Skinner Park.

The shops, banks and restaurants on Morang Avenue are just a 4 minute walk.

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

There is also a 780 sq. ft. basement and a 4,792 sq. ft. garden.

This property is on sale for US$ 59,995.

Your rent is US$ 850 per month.

Your net return is 13.00% – after all expenses.

That’s US$ 7,800 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 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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