My Rental Returns
How the government guarantee rental income:
Section 8 tenanting works very similar to the UK housing benefit system, whereby the rent is paid directly by the government to the owner. In Detroit the is a waiting list of over 9,000 people with their voucher ready to move in with, showing the high demand for rental on these properties
How will I receive my rental income:
The rental income from your property will be paid monthly into your US bank account (Which we help you set up) all you need is a copy of your passport and a utility bill in your name.
How soon can I expect a rental return on my investment:
With many types of investments you only make a return when selling your asset, investors may have to wait years to see their stocks mature or their property market rise. This is not the case with this investment, for one key reason, which is all our properties are fully tenanted and make a return from the minute they are purchased from us.
Based on a 4 bedroom, 1 bathroom property located in the Bagley area of North West Detroit.
- Currently rented for : $950 per month
- Yearly taxes of : $3000
- Gross yearly income: $11,400
- Yearly managed fee $1,140
- Net annual rent roll $7,260
- Net yield 16.1% = £4684 PROFIT PER YEAR INTO YOUR ACCOUNT (Paid monthly)