Property Investment in Detroit, Michigan, USA

Detroit offers savvy investors the opportunity to benefit from hard times in the city and invest in property with a superb 15% net annual income - all fully managed and 'hands off'!

The Axis Property Investment Strategy In Detroit is...

Robust Cash Flow

The strategy is designed for investors seeking reliable income today, combined with growth driven by recovery in the future.

Target Return On Investment

15-18% pa, net rental yield, after all costs

How Is This Achieved?

• We purchase foreclosed property
• Extensively, but quickly, refurbish
• Rent the property, mostly to Section 8 government approved and supported tenants

Our US partners have more than 30 years experience in rentals and strong relationships with City Hall which means that they can get property taxes reduced for investors, resulting in above average rental yields due to substantially lower costs.

Everything is taken care of on our clients behalf. This is truly a 'set and forget' investment proposition.

Learn more... Detroit Investment at a Glance.

Property Investment in Detroit

Detroit has been a city in crisis for the last couple of years, reflected in the home price chart. As the home of General Motors and other major motor manufacturers, Detroit has suffered hugely with the housing crash, the credit crunch and the problems in the car industry.

These problems have led to a large number of foreclosed properties, combined with many people leaving the city.

As you might expect these problems were worse in low cost neighbourhoods and it is critical that investors in Detroit only buy in specific pockets where strong communities still flourish and housing is in good shape.

WARNING - there are companies selling property in Detroit that will tell you it's OK to buy across the City. This is absolutely NOT our view and could lead investors to lose a considerable amount of money. CAREFUL PLEASE.

These problemS in the City throw up big opportunities for investors which is why we recommend investing in Detroit.

The Detroit Investment Proposition

Axis offer investors substantial brick built, single family homes, fully refurbished and tenanted for around $45,000 (£27,000). This is around 70% below peak pricing and 35% below current market value.

With an excellent net rental yield and the prospect of good capital growth as the city recovers, Detroit offers, in our view, an excellent investment opportunity.

Axis clients are in the unusual and fortunate position of buying property where the property tax has received special consideration from City Hall in Detroit, resulting in a reduction typically from around $3,000 a year to $1,000 a year. This means that properties in Detroit sourced through Axis normally provide higher rental yields than those sourced elsewhere.

Read more about what Detroit has to offer.

About Detroit

The home of Motown and the big three motor companies, Ford, General Motors and Chrysler; Detroit is famous for many reasons.

Despite losing population in the last couple of years, Detroit is still the US 11^th most populous city with 920,000 residents, and 4.4m in the wider Metro Detroit area.

In the early 1990's the city began reinventing itself with the rebuilding of downtown Detroit, the opening of three new casinos, the establishment of the River Walk, the building of new stadiums for the Detroit Lions and Tigers and more.

In 2008 the City announced a $300m stimulus plan to create jobs and revitalise neighbourhoods. This has been supported by private organisations who have added further funding.

In August 2009 the US Government gave the Detroit auto-industry grants of $1.36 billion to manufacture lithium-ion batteries and 2010 is expected to see the debut of GM's first electric car, manufactured in Detroit.

Detroit has experienced huge problems in the last few years but has clearly begun the fight back.

Read more about the history of Detroit in our Smart Guide.

Where Next?

To receive details of our new Detroit property deals Join Axis Now - FREE!

Learn More... What Does Detroit Offer?

Get your Questions answered; call us on 01273 447 300 or contact us here

Download our Detroit Smart Guide

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