11848 Wisconsin Street

Detroit, United States of America

Properties > 11848 Wisconsin Street
FUNDING TARGET
$67,500
FUNDED %
100%
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
10.85%
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Investment Timeline
  • Funding started
    Oct. 2019
  • Funding complete
    Oct. 2019
  • Returns started
    Oct. 2019
  • Year 1 returns
    Oct. 2020
  • Year 2 returns
    Oct. 2021
  • Year 3 returns
    Oct. 2022
  • Year 4 returns
    Oct. 2023
  • Property sold

Description

This single-family, 3 bedroom 2 bathrooms bungalow was built in 1963 and is comprised of two stories, offering a very generous 112.2m2 of living space.

This property comes complete with a built-in fireplace in the living room, forced air heating and central cooling offering a warm, comfortable environment in the winter and cool, fresh space in the summer.


About the area

Detroit is the largest city in the Midwestern state of Michigan. Near Downtown, the neoclassical Detroit Institute of Arts is famed for the Detroit Industry Murals painted by Diego Rivera, and inspired by the city’s ties to the auto industry, giving it the nickname "Motor City."

Detroit is also the birthplace of Motown Records, whose chart-topping history is on display at their original headquarters in Hitsville, U.S.A.

Discover why we believe Detroit is ideal for property investments. (Infographic)


Selling points

Recently refurbished, this property offers fantastic rental returns of 10.8*%. Not only that, the property is fully certified and comes under the Federal Governments Section 8 Rental plan meaning that the rental is partially guaranteed by the US government. This plan also serves to reduce tenancy risk on the property.

In addition to that, numerous private and state lead initiatives are focusing on rebuilding Detroit, its downtown neighbourhoods and increasing employment. We believe that all of these factors combined will help to drive property prices in the area higher in the near future and further increase investors’ returns.


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