American House - Villa Available by Property Showrooms - Ref 597404
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Property No Longer Available
This property has either been sold or removed from Propertyshowrooms.com.
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House/Villa Description
REF ADIPP4
NEEDS ROOF REPAIR
GROSS ANNUAL RETURN: 47%
NET ANNUAL RETURN, AFTER RUNNING COSTS: 31%
High yield investment opportunity situated in Syracuse , New York State.
Note: This property has new windows and a new furnace and is in good condition but the property does need a roof repair, we will send the property management company in to the property to provide a quote to carry out this repair for any interested purchaser, so we invite you to contact us for further details.
Property Type
Very attractive Detached single family property with TWO Bedrooms .
Key features
Asking price; $14,000/£8,484/10,000
Gross annual return; $6,600/£4,000/4,714 47%
Net annual return after running costs; $4,340 /£2,630/3,100 31%
Attractive family home
Hardwood floors throughout
New furnace
New windows
Easy to find tenants
Full management service provided
Financial details
Net rental yield after all annual running costs
($6,600 less running costs; $660 management, $800 water and insurance, $800 property taxes =$4,340)
Gross rental income; $550/£333/392 per month
Net rental income; $361/£219/257 per month
Buying expenses
The all inclusive purchase costs for this property are $4,000.You could own this property for $10,909, and not a cent more, approximately £10,909/12,857 with all buying, legal fees & commissions paid.
We will have the property surveyed, valued by an independent valuer and a full management report prepared for you on the property, the rent-ability and the tenants, THERE ARE NO HIDDEN EXTRAS, ALLTHIS IS INCLUDED IN THIS PRICE.
Approximate breakdown of purchase costs per property are as follows;
Legal costs: $1,200
Survey costs / Property report: $1,000
Commission/fees: $1,800
Please note that with the ever changing exchange rates we have used £1=$1.65 & 1= $1.40 for guidance only, as all property prices are set in USD.
We provide a complete purchasing service and will introduce the management that will maintain the property and collect the rent.
We will also source any property for our clients to suit their needs and budget.
Property Description
The Property: A detached, single family property.
The Location: The property is situated in a residential street in South Syracuse
Condition: This property is in good condition throughout having the benefit of a new furnace and windows but we have been told the property needs a roof repair, we will obtain a quote for this repair for any interested party
Occupancy rate: High, due to the this being an attractive family home there will always be a demand for this property and it would be easy to find tenants.
Tenanted: NO. The tenant of this property has moved on after renting for many years, the management company will find a new tenant for this property for the new owner.
Management of this property: A full management service will be provided with this property.
The City
Syracuse, USA; the City with Potential.
Syracuse is a vibrant city with much to offer and, with the right advice on property types and areas, it offers great investment opportunities. One of the key considerations to assure demand for your rental property is LOCATION.
The city boasts a University, a variety of schools, several hospitals, shopping malls, an airport and also the multi-billion dollar Destiny USA project. This is a major redevelopment project that will provide hotels, waterfront restaurants, office and retail space, which will attract additional business and employment to the city, the first phase of this project will be completed in spring 09.
Market report.
SYRACUSE IS PREDICTED TO HAVE THE SECOND STRONGEST HOUSING MARKET IN THE USA IN 2009 ( FORBES.COM), full report available on our website
Property prices have not suffered in Syracuse, unlike many other areas in the USA, the reason being that prices have been historically low while offering excellent returns on investments. A full market report will be supplied upon request or can be found on our website
The Service we provide
American Dream Investments (ADI) specialize in sourcing high yield income properties in the area of Syracuse, Onondaga County, NY State, USA, for investors who are seeking a truly bespoke service tailor made to their individual requirements.
The company takes pride in offering properties that produce an annual income of approximately 20% net, after running costs have been deducted. The properties are situated in good locations with high rental demand and are offered at the lowest possible negotiated price.
ADI invite you to contact them and they will be delighted to answer any questions you may have regarding the advantages of investing in Syracuse and the benefits of the full purchase package and management service they offer.
We provide a complete purchasing service and will introduce the management that will maintain the property and collect the rent.
We will also source any property for our clients to suit their needs and budget.
Thank you for showing an interest in our investment property and we very much look forward to you contacting us in the future.
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Approximate price of this 0-Bed Unknown
€11,159 EUR |
£8,930 GBP |
US$14,000 USD |
(Currency and Foreign Exchange services supplied by  )
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| Type |
House/Villa |
| Category |
Re-Sale |
| Listed |
over 1 year ago |
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Map of Syracuse, New York, United States
Towns located close to Syracuse, United States
| • No other towns listed as being close to this town |
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Price: US$14,000
Currency in United States
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Latest Property News in USA
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Price of Property in Syracuse, USA
| (All prices in EUR) |
Syracuse |
Syracuse |
Syracuse |
| House/Villa |
13,625 |
240 |
57,500 |
65,000,000 |
37,000 |
242,990 |
| Commercial |
49,000 |
49,000 |
49,000 |
7,000,000 |
- |
- |
* Calculations based on 15 properties for sale in Syracuse and 4608 properties for sale in USA |
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