American House - Villa for Sale in Syracuse - New York - Ref 731915
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House/Villa Description
REF ADI3
BARGAIN PRICED: $27,000/£18,000/€20,000 Bank Short-sale
SECTION 8, FIVE BEDROOMS, FULLY LET PRODUCING $900 PER MONTH GROSS
GROSS ANNUAL RETURN: 40%
NET ANNUAL RETURN, AFTER RUNNING COSTS: 26%
FULLY LET & BRINGING IN AN INCOME FROM DAY ONE
Remarks : Very well maintained property approved and let to section 8 tenants bringing in an income from day one it is in good order throughout and it is a bank Short-sale so any offer has to be agreed by the lending bank which means any sale could take time to complete.
Property Type
Detached family property consisting 5 Bedrooms,
Key features
· Asking price $27,000/£18,000/€20,000
· Gross annual return $10,800 / £7,200 / €8,000 40%
· Net annual return after running costs $7,120 / £4,746 / €5,274 26%
· 5 bedrooms.
· Approved for section 8,
· Let to section 8 tenants
· Assessed value $42,000-00
· Fully let & bringing in an income from day one
· Full management provided
Financial details
Net rental yield after all annual running costs
($10,800 – less running costs; $1,080 management, $700 water and insurance , $1,900 property taxes =$7,120)
Gross rental income; $900 / £600 / €667 per month
Net rental income; $593 / £395 / €439 per month
Buying expenses
The all inclusive purchase costs for this property are $4,000.You could own this property for $31,000 and not a cent more, approximately £20,666 / €22,962 with all buying, legal fees & commissions paid.
We will have the property surveyed 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= $1.50 for guidance only, as all property prices are set in USD.
INTERESTED IN THIS PROPERTY? CONTACT US FOR DETAILS
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 substantial detached five bedroom property approved for section 8 .
· The Location: The property is situated in a good rental area of west Syracuse about a mile from the city center and the main shopping mall the Carousel centre
· Condition: This is a new listing and has yet to be checked by our property management team, if you are interested in this property we will check it for you.
· Occupancy rate: Extremely high, due to the location and type of property there will always be a demand for this property and it would be easy to find replacement tenants if needed.
· Tenanted: Yes, we only sell properties with a high rental demand.
· 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 was completed in spring ‘09.
Market report
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.
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
€21,521 EUR |
£17,223 GBP |
US$27,000 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$27,000
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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