City Investors have teamed-up with NSUK, a partnership of Property, Finance, Investment and contracting professionals from both sides of the Atlantic. By combining our talents, we offer clients great yields with an ethical edge. The program ‘recycles’ houses, turning foreclosed and uninhabitable houses into refurbished, clean, safe homes, and at the same time providing lower income families a higher quality of housing.
Our Detroit properties typically offer;
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45% BMV
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21% Gross yields.
Government Backed Rental.
Due to our experience working with US banks, we are able to secure houses between 40 and 45% below CURRENT market value. This is NOT a discount from a developer that can’t sell his development or new homes that are ‘left over’ or failed to sell. All the properties are Foreclosures (Repossessions).
Summary
- Properties purchased up to 45%+ below CURRENT market Value.
- Independently appraised.
- GROSS Yields 21%+
- NET Yields 14%+ (net of management, US income and property tax, Insurance)
- Secure vetted Tenants.
- Secure rental payments as majority paid by US govt agency.
- Fully Managed and regularly Inspected Property.
- Michigan State has a severe housing shortage supplying an ample waiting list of Tenants.
- This is a CASH investment
We are working with and assisting the Local Authorities with their housing problems, providing working families clean quality homes often in their own neighborhoods, at prices that are affordable. Our aim is to help families, and therefore we concentrate our efforts in the 3 and 4 bedroom housing market. This avoids problems that can sometimes be associated with single or dual occupancy homes.
In return, our investors receive excellent yields with the additional benefit of knowing that they are contributing and assisting families, often not as fortunate as themselves, with the security of the Section 8 HCV program backed by the US government. This project seeks to take advantage of the affordable housing program , formally put in place by the US Department of Housing and Urban Development (HUD) operating nationwide. This particular scheme is in co-operation with the State of Michigan.
Each of the refurbished properties will be let to local authority families under the Section 8 Housing Choice Voucher (HCV).
Investors will receive a NET Yield of 14%+, pre US income Tax, with equity of approx 40% per property.
To receive a free brochure just click here or call 0207 1938061.