Bungalow
Contact us today for further information, sales brochure and video walkthrough of this property!For full property details follow the link below: ... For our full brochure follow the link below: ... details:Previous Sold Price: $123, ... Current Appraised Value: $80,000Investor Cash Purchase Price: $38,000Closing Costs: $4,800Government Backed Rental: $9,600 per annumRental Yield: 26%Background:Pegasus Property Investments Ltd are pleased to offer our clients an amazing opportunity to invest in high yielding, completely refurbished, detached 3 and 4 bed homes in Detroit, Michigan. Working in conjunction with the City housing department to purchase and completely renovate foreclosure homes and re-housing families.This investment does not require any mortgage qualification or finance applications as properties are acquired for a cash outlay of just £24,000 and £3,000 closing costs. Our properties are completely renovated to exceed the requirements of the US department of Housing and Urban Development (HUD) and are in high demand by a waiting list of government approved tenants. These homes are sold at a minimum discount of 40% from a current appraised market value giving an investor substantial equity from day one. http://www.arkadia.com/ltas-t114194/