THE PROPOSAL

Redundancies and a reduction in easily available credit have led to previously unseen volumes of mortgage foreclosures in the US. As a result banks and mortgage lenders have record numbers of foreclosed properties available, assets which they need to liquidate as a matter of urgency.

Cicada Investments specialise in sourcing, refurbishing and marketing US foreclosed properties from a secure UK base. We identify residential properties that are able to yield good rental returns in addition to a strong resale value on exit.

Detroit is currently one of the strongest US markets in terms of growth and rental return. Unlike many other US regions, prices are rebounding and there is a strong year round demand for rental property due to the expanding local industry. Low purchase price and high rental returns make Detroit an ideal buy to let investment market.

Detroit is a varied market but key locations in the city have shown house price increases of more than 20% in the last 12 months. At the peak of the market, the properties that Cicada Investments source were selling in excess of $100,000 (£65,000).

Investment highlights:

Typical house for £28,500
  • Quality detached houses from £28,500
  • Typical 10% net yield
  • Full title deeds
  • Freehold ownership
  • Full internal and external refurbishment
  • Clean, clear and debt free title
  • Fully tenanted and managed
  • Ongoing US and UK sales support
  • Realistic exit strategy

Cicada Investments are a London based company and have been operating in the Detroit region since 2008. In 2011 we sold in excess of 100 properties to our UK investors. The US housing market is at its lowest for decades, now is the time to invest.

*mandatory fields

  • 18714 Albion Street
    18714 Albion Street

    £28,500
    $9,000
    11.61%

  • 15300 Cedargrove Street
    15300 Cedargrove Street

    £28,500
    $9,000
    11.27%

  • 16210 Chapel Street
    16210 Chapel Street

    £27,500
    $9,000
    11.16%

  • 18009 Beland Street
    18009 Beland Street

    £27,500
    $9,000
    11.29%

  • 11683 Penrod Street
    11683 Penrod Street

    £27,500
    $9,000
    13.41%

  • 15434 Auburn Street
    15434 Auburn Street

    £27,500
    $9,000
    13.37%

  • 9607 Whitcomb Street
    9607 Whitcomb Street

    £27,000
    9,000
    11.72%

  • 5086 Alter Road
    5086 Alter Road

    £27,500
    $9,000
    12.91%

  • 20032 Stansbury Avenue
    20032 Stansbury Avenue

    £27,500
    $9,000
    11%

  • 15246 Hazelridge Street
    15246 Hazelridge Street

    £27,500
    $9,000
    11.79%

  • 8594 Terry Street
    8594 Terry Street

    £27,500
    $9,000
    11.84%

  • 11375 Whitehill Street
    11375 Whitehill Street

    £27,000
    $9,000
    11%

  • 7757 Lamphere Street
    7757 Lamphere Street

    £27,500
    $9,000
    11%

  • 8075 Coyle Street
    8075 Coyle Street

    £27,500
    $9,000
    12%