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Turnkey Investment Properties for Canadians

 

Why Invest in Detroit Metro Real Estate?

Whether you’re an experienced investor or a real estate rookie, see why the media and analysts are raving about Detroit real estate.

The Michigan economy is growing rapidly
  • The Michigan Economic Activity Index rose 2.0 points in June, to a 10-year high of 105.9 according to economists at Comerica Bank (CBS News)
  • Consumer sentiment increased unexpectedly in September to 79.2, up from 74.3 in August (Bloomberg)
  • Helped by the auto industry recovery, Detroit unemployment rates have dropped by 2.4 % over 12 months (CNN Money)
Home prices are on the rise and inventory is decreasing
  • The number of single family homes sold in July 2012 increased by 14 percent compared to July 2011, according to the Michigan Association of Realtors (CBS News)
  • Between the first quarter of 2011 and the first quarter of 2012, the median price went up by 8.6%, one of the largest increases in the country (24/7 Wall St.)
Rental rates have exploded in the metro area
  •  Average rental prices in the Detroit market have shot up 5% over past year, according to Rent Jungle (CNN Money)
  • Rents are projected to climb to $720/month and vacancies will decrease to 4.5%, which is on par with the national average for metropolitan areas (Wall Street Journal)

Still not convinced? Read why Forbes is calling Detroit the “Comeback Kid”
Sources 1 CBS News Detroit: Michigan Economy Returns To 10-Year High In June
2 24/7 Wall St: Ten Towns That Cannot Turn Around 3 Bloomberg News: Michigan Consumer Sentiment Unexpectedly Rose in September 4 CNN Money: Best cities to buy rental properties 5 Wall Street Journal: Even Detroit Looks Good for Rentals 6 Forbes: Detroit Real Estate: Comeback Kid?

Neighbourhoods We Buy In

  • Grandmont/Rosedale
  • University District
  • Southwest Detroit
  • East English Village

Facts

  • Median home price (2012): $78,000
  • Projected home price (2015): $93,982 

“Rent is expected to rise about 12% over time. Average return on rentals will be about 4.4% higher than the
national average.”
-CNN Money

  • Downtown Detroit serves as an entertainment hub with 3 casino resort hotels: MGM Grand Detroit, Greektown Casino, and MotorCity Casino
  • Home of the North American International Auto Show
  • Has 3 major sports venues: Comerica Park, Joe Louis Arena, and Ford Field
  • Home to America's 'Big Three' automobile companies: General Motors, Ford, and Chrysler
  • Host to numerous of summer annual events like the International Jazz Festival and the Woodward Dream Cruise
  • Eastern Market, the largest public market district in the U.S., has about 45,000 shoppers during the weekend
  • Detroit Adds Manufacturing Jobs, Rises To Number Two Spot In Top U.S. Metropolitan Areas For Job Growth- Huffington Post, May 9, 2012

Latest News

  • Home Prices Rise in Detroit
  • Astonishing change' as Palmer Park rebuilds
  • Auburn Building Will Open In Detroit's Midtown Neighborhood With Apartments
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