7754 Evergreen Road

Detroit, United States of America

Properties > 7754 Evergreen Road
FUNDING TARGET
$80,700
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
9.14%
100% FUNDED
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Description

Single-family, 3 bedroom-1 bathroom, home originally constructed in 1954. The property offers a spacious 92.9mof living space and has a large basement and a garage with one parking space

In addition, the property has been refurbished in 2021 and has recently been painted, had a new kitchen and bathroom floor fitted, new carpeting laid throughout and new roof installed on the garage.


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 9.14%*. 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.


Investment Timeline
  • Funding started
    8th July 2021
  • Funding complete
    15th July 2021
  • Rental starts
    20th Aug. 2021
  • Returns start
    1st Sept. 2021
  • Year 1 returns
    1st Sept. 2022
  • Year 2 returns
    1st Sept. 2023
  • Year 3 returns
    1st Sept. 2024
  • Year 4 returns
    1st Sept. 2025
  • Property sold

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