American Foreclosures at a FRACTION of true cost

“The big money in property is found in unbalanced markets”

“Turn-key” investment requiring little input from the investor... full rental management included, no hassle, hands off property investment. There’s no better place to buy great value investment property at the moment than America.

Our US foreclosure properties offer returns of around 25% gross (10-15% NET) – they are low cost investment opportunities with tenants in situ and huge capital gains to be experienced over the next few years. We are the experts in selecting the right property. We only offer exceptional investments, like this excellent Detroit option in a stable residential area - sold fully renovated, with tenants, included in price.

US131 – Cruse St, Detroit, Michigan, 48235

Sale Price = 46,000 USD

• Large 2 Unit Investment Property
• Freehold property in sought after area
• 2 separate units… 1 upper and 1 lower
• Each unit will rent for a minimum of 450 USD/mth
• Wide tree lined street
• Fully renovated (included in price)
• Off road parking at front
• Rental return = 900 USD/month

This is an ideal location for excellent rental income and price rebound. This is a nice middle-class area with good local schools, North West of Detroit City. It’s close to all facilities such as schools, shops and is not far from the University area and Detroit Golf club.

The property needs some small improvement but work will start very shortly and be completed by the time the purchase closes. Photos below and above are pre-renovation. The property will be renovated to ‘code’ which is the requirement to place a tenant into the property. The photos below show this property has been well maintained, and after having viewed the property, we can confirm our view that tenants will be very keen to rent and, most importantly, it should be highly saleable to make a very profitable exit strategy for the investor.

Prices are springing up from the absurdly low levels as local investors buy up such property, there are even bidding wars on many repossessions. Prices are now sharply on the up. Property tax is low even though the area is very good (approx 1200 USD per year).

NET return is just above 15% (including all costs such as building insurance which is not a requirement but recommended). This is an excellent return, not to mention the huge capital gains to be experienced as the market rebounds.

US131 - Property Purchase Costs in USD
Price (inc renovation & occupancy fees) 46,000.00
Notary/Legal Fee 800.00
ITIN (Tax ID number) 300.00
Total Purchase Costs 47,100.00

On-going Income vs. Expense in USD
Rental Return (approx per year) 10,800.00
On-going Buildings Insurance (approx per year) 1,600.00
Rental Management Fee (10% of income) 1,080.00
Property Tax (approx per year) 1,200.00
Annual Cash Profit 6,920.00
Return Net (Annual Cash profit / Price) 15.04%