20191 Washburn Street

Detroit, United States of America

Properties > 20191 Washburn Street
FUNDING TARGET
$94,500
DAYS LEFT
Fully Funded
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
9.17%
100% Funded

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Investment Timeline
  • Funding started
    18th Nov. 2020
  • Funding complete
    20th Nov. 2020
  • Returns start
    20th Dec. 2020
  • Year 1 returns
    20th Dec. 2021
  • Year 2 returns
    20th Dec. 2022
  • Year 3 returns
    20th Dec. 2023
  • Year 4 returns
    20th Dec. 2024
  • Property sold

Description

3 bedroom 2 bathroom, single-family home originally constructed in 1930 and recently renovated. The property offers a spacious 137.96m2 of living space across 2 floors, with a basement and a garage.

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.


Selling points

Recently refurbished, this property offers fantastic rental returns of 9.46%*. 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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