Brand New Exclusive – Experience International Offers 50% Finance for International Investors when Purchasing Pre-tenanted, Buy-to-let Properties in Detroit
Brand New Exclusive – Experience International Offers 50% Finance for International Investors when Purchasing Pre-tenanted, Buy-to-let Properties in Detroit
(PRWEB) August 27, 2011
Over the past year the Detroit property market as shown real signs of growth with property experts reporting an increase of 9.6% in sales of properties in city according to figures released by Realcomp. This combined with the fact that the rental market has seen an increase in long-term lets and a surge in people renting, has led to a number of overseas investors purchasing buy-to-let properties in Detroit.
Pre-tenanted, buy-to-let options have become a favourite for investors looking for a hassle-free and high-yielding property investment. They provide the investor will the reassurance of high occupancy rates due to the strong rental markets, plus strong capital appreciation as most properties are available below their potential resale value.
In light of these factors, Experience International is now offering 50% finance to international investors when purchasing pre-tenanted, buy-to-let Detroit property.
Repayable over a 7 year term with a fixed interest rate of 5.95%, the mortgage is guaranteed and secured on the property and prices quoted include both interest and repayments. All of the properties are carefully selected and are cash flow positive after finance, with no applicable foreign ownership restrictions.
“For our investors, pre-tenanted, buy-to-let options have been a popular choice, as they provide immediate income in the short term as well as offering the opportunity to sell when the market grows,” Steven Worboys Managing Director of Experience International states.
“The Detroit properties featured in the 50% finance offer are all located in premium areas in desirable neighbourhoods with good employment prospects to maximise investor’s returns. These factors ensure high occupancy rates therefore strengthening the investment opportunity, “ Mr Worboys continues.
Detroit offers significant rental yields, with strong capital appreciation potential in the medium to longer term. As property prices in Detroit, USA, have seen a drop of around 65% in comparison with 2006 prices, they are often sold below their rebuild value.
If you require more information about the Detroit property 50% finance offer, please contact Experience International.
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