Property Reference: OVG 1001
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 14.58% per annum
Paid monthly, net income – 668.25USD.
All our selected properties are renovated to a very high standard. The reinnervation cost are around the price of about 20,000-25,000 USD.
11292 Somerset Ave is in the Denby neighborhood of Detroit in this area the majority of properties are three and four-bedroom family homes with a mix of owners and renters. Many of the houses in the area were built between 1940 and 1969, which means the trees and gardens are very well established. Morang Avenue is 100 meters away for all your local shopping and travel routes Chandler Park Academy High School, Eastland Shopping Center, Harper Woods High School, Detroit Golf Club and Lochmoor Golf Club are a five-minute drive away. Edsel Ford freeway is a two-minute drive, 8 Mile road and Mack Avenue are a five-minute drive.
This three-bedroom, single family detached home with full basement is located in a family friendly neighborhood of Detroit. It is situated close to public and private schools and within 400m of E. Edsel Ford freeway.
Note: The interior pictures illustrated are not from this property, just an example of recent renovations.
Price (US$) 54,995 Price per sq. ft. 43.37
Your Free Bonuses
Free 12 Month Home Warranty - Value US$ 700
This property comes complete with a 12 month Home Warranty.
Free 1 year Property Insurance - Value US$ 495*
This covers you for damage in the event of:
*Please note, this policy is subject to a deductible of US$ 5,000
Free 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.
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 are able to 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:
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
CONTACT US FOR FULL DETAILS.