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Key selling points
- FULLY REFURBISHED- No work required!
- LONG TERM TENANTS
- NETS £203 A MONTH
- HOUSE PRICE COMPARABLES $40-$45K
- 28% GROSS YIELD
- BUY FOR £15,384
Cash purchase Only, buy outright for under £19k including all fees and costs. 5 bedroom, 2 bathroom single family investment property situated in the ever popular rental area to the North West of Rochester City, close links to the airport and genessee river valley. The property has been completely refurbished and requires NO work, and has been secured at $30k. House price values in this street are in the low to mid $40k range. With nearly 2000 square feet of property, there is a lot for your money. The tenant has been resident for the past 6 months and wishes to stay long term. They are clean, conscientious, model tenants paying $700 a month like clockwork. This makes the gross rental yield 28%, four times what can be currently achieved in the UK, and amongst the highest true yields currently available in the world today. The net return is £203 a month. Request brochure for full financial details. Licensed home inspection completed, licensed appraisal report completed, and full market sales comparables with our USA Smart guide, and USA economic outlook prepared by leading economists in the states. A full investment package is provided to cater for every facet, from sourcing through to closure and into management, and BEYOND, for the life of your investment. Our stateside team of professionals will assist every step of the way, with personal supervision guaranteed from the UK. We specialise in single family properties as they are easier to manage, require less maintenance, and have a wider exit strategy in that they are more appealing to local homeowners looking to move into the better streets of the City. My advice though is to collect the rent and watch the dollar rise in the coming years, as inevitably it will. Rochester NY is the third largest City in the state, and is the sister City of Buffalo. The city is ranked 2nd fastest growing market in the USA, and the capital growth will likely see 7% and above this year. Rochester is home to many international businesses such as Kodak (recently announced that they are buying a quarter of their stock (£1bn shares) based on significant liquidity and excellent balance sheets, raising share prices in the process.) Rochester is also the world capital of imaging technology and optical science.
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