19932 Hickory Street

Detroit, United States of America

Properties > 19932 Hickory Street
FUNDING TARGET
$63,000
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
13.09%
100% Funded

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Investment Timeline
  • Funding started
    2nd June 2020
  • Funding complete
    3rd June 2020
  • Returns start
    15th June 2020
  • Year 1 returns
    15th June 2021
  • Year 2 returns
    15th June 2022
  • Year 3 returns
    15th June 2023
  • Year 4 returns
    15th June 2024
  • Property sold

Description

Single-family, 3 bedroom 1 bathroom home built in 1944 and recently renovated. Comprised of one story, the property offers an ample 83.2m2 of living space split up over two stories.

In addition, the 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 10.34%*. 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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