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Key selling points
- PRICE REDUCED TO $21,500 (£11,025) Limited time only
- 30.5% gross yield
- 3 month rent guarantee
- Excellent property management
- Multiple updates throughout
- Appraisal value $31000
Cash purchase only, buy outright for under £15k! INCLUDING ALL COSTS. 3 bedroom single family home, with multiple recent updates throughout, maintenance free siding, enclosed porch, 1st floor laundry area, desirable rental location in area to the west of downtown, earmarked for major development, improving the local economy and raising property prices. A second building to the rear comes with the lot, and is used at present for storage. Property pictures taken prior to occupancy. The tenant is content to stay long term, pays $550 a month and this property nets £180 a month after ALL expenses. The management company are considered the best in Buffalo, and a 3 month rent guarantee is provided. 3 large bedrooms, kitchen/dining room, living room, bathroom, an enclosed porch and a small garden make the composition of this property, and it has an appraised value of $31,000, well above the secured price. This ensures that should you wish to employ an exit strategy and resell at any time, you would realistically get more back than you initially invested.                                                $                       £ Annual rental income              6600                  3384 Cash surplus after expenses    4200                  2154 Net monthly return                    349                     179  New York State licensed home inspection completed, a licensed appraisal has been conducted, and this investment comes with a full supervision package ensuring every facet is covered, nothing is left to chance. There is no need to travel to the states at any stage, management is the key to successful investing and email liaison is regular, thorough, and is the main form of communication. Buffalo is the second largest city in New York state, and is ranked 5th biggest growing market in the USA. There has been a 3% property price rise in as many months, and the real estate market is lively and investor driven. There has been over $3bn invested in key projects in Buffalo, which will change the face of this City in years to come.   Â
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