Detroit, once home to America’s car industry is now becoming known as the property developer’s dream. "After climbing three places in as many months, the US continues to attract more and more investors" Dan Johnson, Managing Director of TheMoveChannel
Detroit - An investor's paradise
- Low prices, high rental demand
- Millions poured into US car industry
- Energy and technology grants
The biggest city in the state of Michigan and leading its regeneration, Detroit is kick-starting its recovery after being hit heavily by the US economic downturn and property foreclosures. The City has been left with a large number of under market value property, giving huge scope for a fantastic investment opportunity.
Being hit so financially hard is exactly the reason why now is the time to invest. Properties are available between 40-60% below market value, offering a significant growth potential, as well as being backed by a US government rental programme. Substantial monies are also being invested into the City’s economy. Grants for energy and technology projects, as well as a renewed interest in Detroit’s car industry only further bolster its security.
Properties available across the City are well constructed and spacious, often four or five-bedroomed and primarily detatched.
The Investment
- 2012 investment hot spot
- Government backed rental return
- Re-sell at a much higher price
Market commentators say Detroit is displaying signs of being ripe for investment, particularly for buy to let properties. House prices remain low due to foreclosures and rental demand is high. There is also investment protection from the US Government Section 8 scheme. As Detroit embraces economic recovery, investors can benefit from subsidised rents, growth over time and the chance to re-sell back into the market at a high re-sale value.
Detailed below are a couple of examples of what purchasers can get for their investment when buying in Detroit. Please contact us now for a full availability and property listing.
Sample Properties:
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Property: 14367 Montrose Purchase Price: $48,300 Substantial 4 bedroom 1.5 bathroom brick detatched home located in first class (Grandmont) area of Northwest Detroit |
Currently rented to a pre-screened, up to date tenant for $900 per month. - Yearly taxes of $1,590 |
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Property: 6844 Minock, Detroit Purchase Price: $46,500 Substantial 3 bedroom 1 bathroom brick colonial located in first class (Warrendale) area of Northwest Detroit |
Currently rented to a pre-screened, up to date tenant for $925 per month. - Yearly taxes of $2,600 |

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