Detroit provides the perfect opportunity to buy low price properties with high yield…
New York Times named Detroit the “Comeback City” in 2016 and many media outlets rate Detroit a top 10 place to buy rental properties in the US.
Low home purchase prices coupled with high yields make Detroit the perfect market for investing in refurbished, tenanted houses. Many of the core Detroit neighborhoods offer very affordable housing close to transit and schools, supporting a solid rental market for investors where income well exceeds costs, and property values continue to increase year over year.
The past 8 years has seen billions of dollars invested back into the city through both private and government projects bringing back a vibrant downtown core, re-vitalized new neighborhoods, and continuous infrastructure improvements.
To add to this ongoing transformation will be the new Gordie Howe Bridge currently under construction connecting Windsor Ontario to Detroit City, with a targeted completion date for 2024.
- Property appreciation in 2017 – 10%
- Rated #2 investment market in the US right after Cleveland
- Rated #1 in Price To Rent Ratio
- Billions of dollars Invested
- 2016 CNBC Poll ranked Detroit “Top 10 Place to do Business”