8603 Whitcomb

Detroit, United States of America

Properties > 8603 Whitcomb
FUNDING TARGET
$61,300
FUNDED %
100%
INVESTMENT TERM
4 years
EST. ANNUAL RETURN
10.83%
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Investment Timeline
  • Funding started
    18th Feb. 2020
  • Funding complete
    19th Feb. 2020
  • Returns start
    19th Feb. 2020
  • Year 1 returns
    19th Feb. 2021
  • Year 2 returns
    19th Feb. 2022
  • Year 3 returns
    19th Feb. 2023
  • Year 4 returns
    19th Feb. 2024
  • Property sold

Description

This single-family, one-story, 2 bedroom 1 bathroom, brick bungalow was built in 1940 and offers a very generous 73.9m2 of living space.

This 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 10.8%*. 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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