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Key selling points
- High Yield Investment Opportunity
- Gross Rental Yield 29%
- NET Monthly Income £196
- Projected rent @ $650/month
- Already Home Inspected/Secured for our Clients
- Personal Sourcing & Supervision/Our Own Property Management Co.
HIGH YIELD INVESTMENT OPPORTUNITYSINGLE FAMILY PROPERTY
GROSS RENTAL YIELD 29%!!
LIST PRICE: $30,000 / £15,384
AGREED PRICE: $27,000 / £13,846
APPRAISED VALUE: $31,000 / £15,897
IT WILL COST YOU ONLY £16,879 TO BUY THIS PROPERTY OUTRIGHT INCLUDING ALL EXPENSES, FEES AND COSTS!
This investment property is located south west of the city centre, between Bellvue Country Club, Burnett Park and Onoganda Park.
The neighbourhood consists of about half owner occupied homes and half rented. All expected amenities such as schools, shops etc are nearby. This home is situated on a low traffic street.
The property is soon to be vacated by the current Section 8 tenant who has just recently had twins and is looking for a bigger home. The rental is $650/month. Tenancy type: Month to Month with a 2 month rent guarantee.
FEATURES:
Single Family Property.
Many owner-occupied properties in area, excellent re-sale potential.
3 bedrooms, 1 bath, single level home.
The interior is in good condition, meeting stringent Section 8 standards. There are hardwood floors in the dining room, living room and all three bedrooms. The kitchen and bathroom have vinyl flooring that is in good condition.
The front porch is new.
The name derives from Syracuse in Sicily, and is linked because of the salt found in swamps there centuries ago. It lies in central New York, about 3 hours by car east of Buffalo and Rochester. In the 1950's to 1970's the population increased dramatically due to the presence of car manufacturer's in the city sparking mass migration to the area. The loss of this industry followed, and the population declined.
It now has a steady population, and relies on less larger named employers, but instead has smaller businesses which do provide a certain amount of stability. Evidence of this is found in the multitude of active business districts in the city.
The top 5 employers now are: Syracuse University, Medical University, National Grid, Wegman's food markets and Oneida Nation. Last year, Syracuse's job growth rate tied with NY City for the highest in the state! (CNN) Planning consent has recently been passed to expand the city's current carousel centre which houses retail, leisure and business industries, into the proposed ‘Destiny USA' project. This would be among the largest malls in the country! Creating thousands of new jobs and turning Syracuse into a huge metropolis and tourist destination. Phase 1 of the destiny project is underway, phase 2 has been agreed.
This is a must place to invest into, and is also ranked in the top 10 places to own real estate in the USA.
The excellent positioning of this city within New York State ensures that it is a major route for all trade and commerce that passes from NYC through to other states below. Property prices are slightly higher, but with an anticipated capital growth rate predicted to be the highest in Western New York this year, and with the increased job growth and expansion plans, this will be a ‘hotspot' for investors in the coming months and throughout 2008.
We provide a complete professional investment package on our Western New York rental properties. Prices start at £10k, NET rental returns of £250 monthly. With a weak dollar, and gross yields over 25%, now is the time to build a portfolio of freehold properties in Buffalo, Rochester and our new location - Syracuse, NY. We have over 2 years experience and offer unrivalled service to give you an armchair investment.
THESE PROPERTIES DO NOT STAY AVAILABLE FOR LONG, AND WITH A GROSS RENTAL YIELD OF 29%, IT'S NOT HARD TO SEE WHY.
CONTACT US NOW FOR MORE INFORMATION!!!
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