Property Details
- Property: Detached (Resale)
- Bedrooms: 3
- Bathrooms: 1
- Receptions: 2
40% Gross Rental Yield- Tenanted 3 bed property
3 Bedroom freehold deatched investment property in Buffalo NY. Tenants resident for over 5 years, intent to stay long term. 40% Gross Rental Yield. Overall investment cost £13,585 with a NET return each month of £239.
Features
Secured at $17,000 (£11,333), long term tenants paying $565 per month, BELMONT assisted which is a rigorous local government check that the property is satisfactory for tenancy. The property comprises of 3 bedrooms, a formal dining room, living room, eat in kitchen and bathroom, with a front porch. There is a FULL attic that has been updated to form another room, and the basement has glass block windows and houses the heating, water and electrics, all of which are recent. A 2 car detached garage is to the rear, with a private driveway. The property has many updates throughout, and has been well maintained by the current owner, who is retiring and wants a quick sale. The average property price in this excellent part of Buffalo is $37,000. Situated on the Cheektowaga suburban border, this is a popular region with homwowners and investors alike, and is persoanlly known to DPI Ltd. 40% gross rental yield, 25% NET yield, the overall investment cost is £13,585 with a NET return of £239 per month. The property is contracted to DPI Ltd, and the buyers will be assigned over during the closing process. Management will be provided by our professional colleagues in Buffalo, and the property is due for a survey and appraisal shortly. DPI Ltd have the LOWEST sourcing and supervision fees in the UK, and with over 3 years experience and knowledge, and with over 350 properties sold to clients worldwide, you can rest assured that we cater for every facet rquired of a successful investment property in the USA.
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