Detroit, Wayne County, Michigan, USA
USD $81,900
- PROPERTY TYPE
Detached
- BEDROOMS
2
- SIZE
Ask agent
Description
TENANTED AT £925 PER MONTH
PROPERTY TAXES PER YEAR $800
INSURANCE PER YEAR $720
PROPERTY MANAGEMENT PER YEAR $1,200.
10.2% RENTAL YIELD
10 MINUTES TO HENRY FORD MUSEUM
15 MINUTES TO DETROIT INSTITUTE OF ARTS
15 MINUTES TO MOTOWN MUSEUM
15 MINUTES TO MICHIGAN CENTRAL STATION
15 MINUTES TO UNIVERSITY OF DETROIT MERCY
17 MINUTES TO WAYNE STATE UNIVERSITY
18 MINUTES TO FORD FIELD (HOME OF THE DETROIT LIONS)
20 MINUTES TO DETROIT METROPOLITAN AIRPORT
20 MINUTES TO TWELVE OAKS MALL
40 MINUTES TO GREAT LAKES CROSSING OUTLETS
Detroit: A Rising Star in Real Estate and Economic Growth
Detroit, often known as the "Motor City," is undergoing an exciting transformation. Once seen as a city in decline, Detroit is now on the rise, with property values increasing, rental demand surging, and a revitalised economy creating new job opportunities. Whether you're an investor, a homebuyer, or someone considering relocating, Detroit offers incredible potential and a promising future.
Property Prices on the Rise
The Detroit real estate market has been experiencing steady appreciation in property values. Over the past few years, home prices have seen consistent growth, making it an attractive market for both investors and homeowners. While Detroit remains more affordable than many other major U.S. cities, the upward trend in prices suggests strong long-term potential. Areas like Midtown, Downtown, and Corktown are especially seeing a rise in property values, with demand driven by young professionals and entrepreneurs moving to the city.
Booming Rental Demand
With rising home prices and an influx of new residents, Detroit's rental market is thriving. Many young professionals, students, and remote workers are opting to rent in the city, leading to increased demand for apartments and rental homes. Investors are capitalizing on this trend, securing properties in high-demand neighborhoods where rental yields remain strong. The city's affordability and growing employment opportunities make it a prime location for rental investments.
A Thriving Economy and Job Market
Detroit's economy is stronger than ever, with a diversified job market spanning multiple industries. While the automotive sector remains a key player, Detroit has also become a hub for technology, healthcare, and finance. Major companies like Ford, General Motors, and Quicken Loans continue to drive employment, while new startups and businesses contribute to the city's economic expansion. The job market is becoming more diverse, providing ample opportunities for residents and newcomers alike.
Exciting Things to Do in Detroit
Detroit is more than just a great place to invest; it's also an exciting city to live in! With a rich cultural history, a thriving arts scene, and endless entertainment options, there's something for everyone. Sports fans can catch a game at Ford Field, Comerica Park, or Little Caesars Arena. Music lovers can explore the city's deep-rooted Motown legacy, while food enthusiasts can enjoy an emerging culinary scene with everything from classic Coney dogs to upscale dining experiences.
The city is also home to world-class museums, including the Detroit Institute of Arts and The Henry Ford Museum. Outdoor enthusiasts can explore Belle Isle Park, the Detroit Riverwalk, and numerous green spaces that add to the city's charm.
Education and Opportunities
Detroit's educational landscape is improving, with several reputable institutions providing excellent learning opportunities. Wayne State University, the University of Detroit Mercy, and several community colleges offer a range of programs that attract students from across the country. Additionally, vocational training and workforce development programs are equipping residents with the skills needed for today's job market.
Why Now is the Time to Invest in Detroit
With rising property values, strong rental demand, and a thriving job market, Detroit is proving to be one of the best up-and-coming cities for real estate investment. Whether you're looking to buy a home, start a business, or invest in rental properties, the city offers an abundance of opportunities. Detroit's ongoing revitalisation is turning it into a hotspot for growth, making now the perfect time to get involved in this dynamic market.
If you're considering investing in Detroit real estate, now is the time to take advantage of the city's upward trajectory. Don't miss out on this incredible opportunity to be part of Detroit's comeback story!
PROPERTY TAXES PER YEAR $800
INSURANCE PER YEAR $720
PROPERTY MANAGEMENT PER YEAR $1,200.
10.2% RENTAL YIELD
10 MINUTES TO HENRY FORD MUSEUM
15 MINUTES TO DETROIT INSTITUTE OF ARTS
15 MINUTES TO MOTOWN MUSEUM
15 MINUTES TO MICHIGAN CENTRAL STATION
15 MINUTES TO UNIVERSITY OF DETROIT MERCY
17 MINUTES TO WAYNE STATE UNIVERSITY
18 MINUTES TO FORD FIELD (HOME OF THE DETROIT LIONS)
20 MINUTES TO DETROIT METROPOLITAN AIRPORT
20 MINUTES TO TWELVE OAKS MALL
40 MINUTES TO GREAT LAKES CROSSING OUTLETS
Detroit: A Rising Star in Real Estate and Economic Growth
Detroit, often known as the "Motor City," is undergoing an exciting transformation. Once seen as a city in decline, Detroit is now on the rise, with property values increasing, rental demand surging, and a revitalised economy creating new job opportunities. Whether you're an investor, a homebuyer, or someone considering relocating, Detroit offers incredible potential and a promising future.
Property Prices on the Rise
The Detroit real estate market has been experiencing steady appreciation in property values. Over the past few years, home prices have seen consistent growth, making it an attractive market for both investors and homeowners. While Detroit remains more affordable than many other major U.S. cities, the upward trend in prices suggests strong long-term potential. Areas like Midtown, Downtown, and Corktown are especially seeing a rise in property values, with demand driven by young professionals and entrepreneurs moving to the city.
Booming Rental Demand
With rising home prices and an influx of new residents, Detroit's rental market is thriving. Many young professionals, students, and remote workers are opting to rent in the city, leading to increased demand for apartments and rental homes. Investors are capitalizing on this trend, securing properties in high-demand neighborhoods where rental yields remain strong. The city's affordability and growing employment opportunities make it a prime location for rental investments.
A Thriving Economy and Job Market
Detroit's economy is stronger than ever, with a diversified job market spanning multiple industries. While the automotive sector remains a key player, Detroit has also become a hub for technology, healthcare, and finance. Major companies like Ford, General Motors, and Quicken Loans continue to drive employment, while new startups and businesses contribute to the city's economic expansion. The job market is becoming more diverse, providing ample opportunities for residents and newcomers alike.
Exciting Things to Do in Detroit
Detroit is more than just a great place to invest; it's also an exciting city to live in! With a rich cultural history, a thriving arts scene, and endless entertainment options, there's something for everyone. Sports fans can catch a game at Ford Field, Comerica Park, or Little Caesars Arena. Music lovers can explore the city's deep-rooted Motown legacy, while food enthusiasts can enjoy an emerging culinary scene with everything from classic Coney dogs to upscale dining experiences.
The city is also home to world-class museums, including the Detroit Institute of Arts and The Henry Ford Museum. Outdoor enthusiasts can explore Belle Isle Park, the Detroit Riverwalk, and numerous green spaces that add to the city's charm.
Education and Opportunities
Detroit's educational landscape is improving, with several reputable institutions providing excellent learning opportunities. Wayne State University, the University of Detroit Mercy, and several community colleges offer a range of programs that attract students from across the country. Additionally, vocational training and workforce development programs are equipping residents with the skills needed for today's job market.
Why Now is the Time to Invest in Detroit
With rising property values, strong rental demand, and a thriving job market, Detroit is proving to be one of the best up-and-coming cities for real estate investment. Whether you're looking to buy a home, start a business, or invest in rental properties, the city offers an abundance of opportunities. Detroit's ongoing revitalisation is turning it into a hotspot for growth, making now the perfect time to get involved in this dynamic market.
If you're considering investing in Detroit real estate, now is the time to take advantage of the city's upward trajectory. Don't miss out on this incredible opportunity to be part of Detroit's comeback story!
Detroit, Wayne County, Michigan, USA
NEAREST AIRPORTS
Distances are straight line measurements- Detroit(International)15.7 miles
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