subject: Detroit Property A Winner In The City Of Champions [print this page] Detroit Property A Winner In The City Of Champions
Smart USA property investors are heading to the City of Champions as Detroit property becomes the latest gem on the USA property investment market. Ranking at the United States' eleventh most populous city in 2008 with over 900,000 residents and 4.4 million in the wider Metro Detroit area, it is the largest city in Michigan and a major port on the Detroit River. The home of Motown and three major motor companies (Ford, General Motors and Chrysler), Detroit is famous for many reasons. Detroit property is about to become one of them.
Detroit had been a city in crisis for a while, reflected in the drop in house prices on the Detroit property market. Detroit has suffered with the housing crash, the credit crunch and the problems in the car industry. As such, it is essential that Detroit property investors take care to purchase only in specific pockets where Detroit property offers strong, flourishing communities and housing in good shape. Wise Detroit property investors can use these issues for an investment advantage, as the city begins to rise again and Detroit property rises with it.
In recent times the city announced a $300 million stimulus plan to create jobs and revitalise Detroit property and the US Government gave the Detroit auto industry grants of $1.36 billion. Plus we are soon to expect the debut of GM's first electric car, manufactured in Detroit. As we can see from these factors, set against the still-low house prices in Detroit property, Detroit property investment is a very desirable option. So, how does it all work?
Axis Property Investment provides an excellent and completely free Smart Guide covering UK property investment, USA property investment and, specifically, Detroit property investment. The Detroit property investment strategy is designed to optimise robust cash flow and is ideal for Detroit property investors seeking immediate reliable income, combined with growth as the city and Detroit property market recovers over time. It offers a 15% - 18% per annum, rental yield, return on investment (ROI) and achieves this by purchasing foreclosed Detroit property which is extensively, yet quickly, refurbished and then rented to mostly Section 8 Government approved and supported tenants.
Rod Thomas, USA property investment specialist at Axis Property Investment, tells us: "Detroit offers savvy investors the opportunity to benefit from the hard times in the city and invest in Detroit property with a superb 15% net annual income all fully managed and hands off'. Detroit property is certainly where the smart money is today."
Detroit property investors can expect substantial, brick built, single family homes, fully refurbished and tenanted for around $45,000 (27,000 GBP). This is around 70% below peak pricing and 35% below current market value.
Please visit www.axispropertyinvestment.com for further advice on Detroit property investment; Rod's Property Blog (with more than 300 helpful, expert articles on all areas of the property investment market, including Detroit property); carefully researched Investment Guides; a growing collection of video tutorials; Investment Workshops; online webinars; and the Smart Investor newsletter.
