7842 Faust Street

Detroit - United States of America

Properties > 7842 Faust Street
EST. ANNUAL RETURN
10.20%
INVESTMENT TERM
4 years
INVESTMENT TYPE
Entire Property
PROPERTY TYPE
Bungalow
TARGET
$69,800

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Description

Single-family, 3 bedroom 1 bathroom, brick-built bungalow was constructed in 1948 and recently renovated. The property offers a spacious 94.5m2 of living space and has a large basement.

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.

Investment Timeline
  • Funding started
    5th Aug. 2020
  • Funding complete
    18th Aug. 2020
  • Rental starts
    1st Sept. 2020
  • Returns start
    1st Oct. 2020
  • Year 1 returns
    1st Oct. 2021
  • Year 2 returns
    1st Oct. 2022
  • Year 3 returns
    1st Oct. 2023
  • Year 4 returns
    1st Oct. 2024
  • Property sold
    14th June 2024


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