ALREADY TENANTED

IDEAL FOR INVESTORS ON A BUDGET

2 BEDROOM DETACHED HOUSE WITH GARAGE IN DETROIT, MICHIGAN

Tenant Paying $630 per month and on a yearly lease !!

SECURED PRICE OF PROPERTY: $14,000 / €10,294 / £9,333

TOTAL COST TO BUY THIS PROPERTY FREEHOLD INCLUDING ALL PURCHASE COSTS AND FEES: $19,525 / €14,355 / £13,016

• Exceptional Low Cost Investment Opportunity
• Already Rented to Tenants on a Yearly Lease
• Income From Day 1
• Detached 2 bedroom Property with Garage
• Superb Location and Neighbourhood

The property comprises of 2 bedrooms, lounge, eat-in kitchen, bathroom, detached garage and diveway for the parking of several cars.  The property measures 800 sq ft of build area and is on a good sized plot measuring 4,280 sq ft. The property is situated in Warren on the suburbs of Detroit, in a middle class area of owner occupant and rental homes.

The home includes updated kitchen cabinets, heating furnace and updated copper plumbing and circuit breakers.

The house is  rented out to long term tenants on a yearly renewable lease for $630 a month.  The tenant is employed with the US Postal Service with whom he has been working for the past 17 years.

GROSS MONTHLY RENTAL INCOME: $630 / €463 / £420

Monthly Expenses include:

Property Tax of $142 / €104 / £94

Property Management Fee of $63 / €46 / £42

Tenant pays water, electric and gas

THIS WILL GIVE YOU A NET MONTHLY RENTAL INCOME OF: $425 / €313 / £284

NET INCOME PER ANNUM OF: $5,100 / €3,756 / £3,408

We bring to you the whole package:

1. Exceptionally Low Priced Investment Properties
2. High Yield Rental Income
3. 1st Class Property Management Company
4. Engineers Home Inspection Report
5. Title Company/Attorney Assigned
6. Complete Personal Service and Supervision of Your Purchase from Start to Finish
7. Insurance Available
8. Assistance with opening a US Bank Account

All prices are calculated at the following currency conversion rates:  $1.36=€1   $1.50=£1