8275 Whitcomb

Detroit - United States of America

Properties > 8275 Whitcomb
EST. ANNUAL RETURN
9.66%
INVESTMENT TERM
4 years
INVESTMENT TYPE
Crowdfunding
PROPERTY TYPE
Single Family Home
TARGET
$74,500

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Description

Single-family, 3 bedroom - 1 bathroom, brick, bungalow constructed in 1940 and recently renovated. The property offers a spacious 106.4m2 of living space over 1 floor 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
    16th July 2020
  • Funding complete
    21st July 2020
  • Rental starts
    1st Aug. 2020
  • Returns start
    1st Sept. 2020
  • Year 1 returns
    1st Sept. 2021
  • Year 2 returns
    1st Sept. 2022
  • Year 3 returns
    1st Sept. 2023
  • Year 4 returns
    1st Sept. 2024
  • Property sold
    26th April 2024


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