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Cost Breakdown
Price (US$) 48,995
Price per sq. ft. 35.00
Cash Flow Analysis
Monthly (US$) Annually (US$)
Rental Income 795 9,540
Property Tax 137.83 1,654
Management Fee 79 948
Net Income 578.17 6,938
Net Return 14.16%
13930 Fordham Street, Osborn, Detroit, 48205
Price: US$ 47,295
Cost Breakdown
Price (US$) 47,295
Price per sq. ft. 38.64
Cash Flow Analysis
Monthly (US$) Annually (US$)
Rental Income 800 9,600
Property Tax 86.08 1,033
Management Fee 80 960
Net Income 633.91 7,607
Net Return 16.08%
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The property
This three bedroom, single family detached home with full basement
is located in a family friendly neighbourhood of Detroit.
It is situated close to public and private schools and within 200km
from Seven Mile E
Fast Facts
Type Single Family Home
Area Morningside
No. of Stories 2
Bedrooms 3
Bathrooms 1
Living Area (sq. ft.) 1,400
Basement (sq. ft.) 1,075
Land size (sq. ft.) 4,972
Parking 2 car
Exterior Brick and frame
Year Built 1925
The area
13930 Fordham is in The Osborn neighbourhood of Detroit.
In this area the majority of properties are three and four bedroom
family homes with a mix of owners and renters.
Many of the houses in the area were built between 1940 and 1969,
which means the trees and gardens are very well established.
The property is 200 meters from Seven Mile E and 200 metres from
Gratiot Ave for your shopping needs and good travel routes
Denby High School is a fifteen minute walk and Seven Mile E is a
five minute walk
Wish Egan field and the Heilmann recreation center are a fifteen
minute walk
8 Mile road and E Edsel Ford highway are a five minute drive as is
the Bel Air Centre
Fast Facts
Type Single Family Home
Area Osborn
No. of Stories 2
Bedrooms 3
Bathrooms 1
Living Area (sq. ft.) 1,224
Basement (sq. ft.) 850
Land size (sq. ft.) 5,227
Parking 2 Cars
Exterior Brick
Year Built 1940
13930 Fordham Street, Osborn, Detroit, 48205
[email protected] | +44 (0) 345 051 9186 Page 4 of 11
Free 12 Month Home Warranty - Value US$ 700
This property comes complete with a 12 month Home Warranty.
Your Preferred Home Warranty covers:
Attic and exhaust fans
Electrical systems
Central heating systems
Septic tank and pumps
Water heaters
Plumbing
Water well pumps
Your Free Bonuses
Free 1 year Property Insurance - Value US$ 495*
This covers you for damage in the event of:
Fire
Theft
General commercial liability up to US$ 1,000,000
Lightning
Windstorm and Hail
Smoke
Sinkhole Collapse
Vandalism or Malicious Mischief
*Please note, this policy is subject to a deductible of US$ 5,000
Free Title Insurance - Value US$ 499
Title insurance is essential when you buy any property in the USA.
It covers you for problems there may have been with the title before
you took ownership.
This could be anything from a dispute with neighbours to encroach-
ment or unpaid taxes.
Title insurance is provided at the closing of the sale and is valid from
the moment you take ownership.
Your title insurance lasts as long as you own the property and there
are no further payments.
[email protected] | +44 (0) 345 051 9186 Page 5 of 11
How can you be sure your investment is being looked after?
As you know, a property investment designed to provide passive income is
only as good as the management company looking after it.
Our Detroit management company has over 40 years of combines experi-
ence and currently handles over 600 properties.
As one of the largest management companies in the Detroit area they are
able to provide a fully “hands free” service for you - wherever you are in
the world.
They have a proven track record of achieving maximum rental income for
investors with minimum hassle.
In fact, they consistently achieve a 97% occupancy rate due to their
excellent marketing and tenant support.
They also employ a strict, comprehensive tenant screening process; from
obtaining detailed references through to credit checking.
This ensures your rental income is paid on time every month.
And to make sure your properties are well looked after they will:
Advertise for, interview and screen new tenants
Collect your rent and pay it into your bank account
Pay your bills
Carry out regular property inspections
Arrange repairs and maintenance
Liaise with tenants to resolve problems
Arrange documents for your tax return
Be available 7 days a week including live chat
You also get access to your own secure website.
This means you can view your monthly account statements, signed
contracts with tenants, maintenance quotations and bills, a copy of your
management agreement and inspection reports - 24/7 wherever you are.
Your rent is paid directly into your nominated bank account.
This can be in the US or anywhere in the world.
Management
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1. Complete the reservation form
If you need any assistance please don’t hesitate to ask.
2. Pay your deposit
A US$ 2,500 reservation fee is paid directly into your lawyer’s escrow
account.
All funds are completely secure as they are held in escrow until closing.
3. Sale and purchase agreement
You will be sent a purchase agreement for the property. Please sign this
where indicated and return. If you have any questions please don’t
hesitate to ask.
4. Your lawyer completes due diligence
Your lawyer will carry out due diligence to make sure everything is in
order.
5. Closing costs are calculated
Closing costs, including property taxes, are calculated and a specific
closing date is scheduled. Contracts are then prepared and issued to you
for your approval.
6. Final payment
Your lawyer will request the payment of the balance plus closing costs
and fees.
This is typically 21 to 28 days from your initial reservation.
Once the sale is completed your lawyer will send all documents and
your property title to you.
7. Sign a management agreement and start getting paid
Your rent (less management fees) is paid directly into your nominated
bank account every month.
The Next Steps...
For assistance you can contact Hazel directly on +44 (0) 345 051 9186
Or if you prefer you can email Hazel directly at:
1. No finder’s fees - ever
Many companies who offer overseas investment property will charge
you a finder’s fee on top of the purchase price.
We do not believe this is fair.
We receive a commission for the sale and that is our payment for our
work.
Our promise to you is we will never inflate prices or add finder’s fees to
the cost of your property.
The services we provide to you will always be offered free of charge. All
we ask is that when you are ready to buy you come to us first.
2. No hard sell - ever
We promise you will never be sold to.
You will simply receive independent advice – either via our
comprehensive reports and location guides, by email, telephone or face-
to-face. The choice is yours.
We will only offer you opportunities in secure locations with the
highest returns, backed up by thorough research.
If you decide an investment is right for you, great. If not, that is fine
too.
We will keep the ideas coming until you find what you are looking for
or tell us to stop.
3. Comprehensive research – always
All the market reports we will send you are based on in-depth research.
We don’t just look at the bottom line and your potential gains, we study
the fundamentals affecting each local property market.
Our Commitment To You
Page 7 of 11 [email protected] | +44 (0) 345 051 9186
4. Secure investments - maximum returns
In our opinion, the security of your investments is as important as your
potential gains.
We will give you honest, unbiased guidance and present only
appropriate investment opportunities.
All of these will offer you secure ownership structures, high net income
and the maximum possible capital growth.
If we consider any investment to be risky, you will be the first to know.
5. Honesty and confidentiality - at all times
Honesty is a rare commodity these days – especially in the real estate
industry.
Yet, when large sums of money are involved surely honesty is vital at
every stage?
We believe strongly that it is.
After all, if you are relying on our investment advice don’t you deserve
complete honesty every time we talk to you?
And it should go without saying (but we’ll say it anyway) all your
enquiries, questions and investment activities will be treated in the
strictest of confidence at all times.
Our Commitment To You (cont.)
Page 8 of 11 [email protected] | +44 (0) 345 051 9186
[email protected] | +44 (0) 345 051 9186 Page 9 of 11
Reservation Form
Payment schedule: Agreement and Declaration
Stage 1 - US$ 2,500 Payable on reservation/order
Earnest money deposit: This payment is a commitment to purchase real property. It is conditional of full clean title.
We will require a copy of buyer(s) International passport(s) id page.
Property address:
Purchase price: US$
Special instructions:
Stage 2 - Balance of funds due
The balance of the purchase price is paid to LeVasseur Dyer and Associates, on request within 3 weeks of stage 1. You may elect to
fully fund from the outset. FAILURE TO FUND WITHIN 21 working days OF REQUEST MAY RESULT IN FORFEITURE
OF STAGE 1 PAYMENTS. Please notify OVG Invest Company Limited. immediately if you anticipate a funding issue in order to
avoid forfeiture.
1. I/we understand that the STAGE 1 payment is a COMMITMENT to purchase as mentioned above.
2. I/we agree for the property to be managed by the appointed management team.
3. I/we acknowledge that OVG Invest Company Limited. has not offered or provided any financial advice with regard to this transaction.
4. I/we acknowledge that I/we are qualified to make such an investment.
5. I/we agree to supply ID and Address verification, notarized if required.
6. I/we understand that I will be subject to US income taxes.
7. I/we understand that I may also be subject to income taxes in my official country of residence.
8. I/we have been advised that I will not receive official deed copies, etc., until after ownership transfer.
9. I/we understand there are no guarantees of capital growth only projected and estimated.
Exclusion of Liability: Both the Buyer and the Vendor exclude OVG Invest Company Limited., RTA Holdings LLC or its employees and agents
from any liability of whatever nature arising from breach of this agreement. The values of real estate increase and decrease and any past performance
cannot be a guarantee of future returns.
Agent name:
Buyer first name:
Buyer last name:
Buyer gender: Male: Female:
Buyer marital status: Single: Married:
Buyer email address:
Buyer passport no:
Buyer address:
Buyer telephone:
Buyer mobile:
Co. Buyer first name:
Co. Buyer last name:
Co. Buyer gender: Male: Female:
Co. Buyer marital status: Single: Married:
Co. Buyer email address:
Co. Buyer passport no:
Co. Buyer address:
Co. Buyer telephone::
Co. Buyer mobile:
[email protected] | +44 (0) 345 051 9186 Page 10 of 11
Wiring instructions
If more than one buyer/investor both must sign.
By signing, I confirm that I/We have read the Reservation Form and agree/understand and approve the content in its entirety:
Buyer signature:
Print:
Name:
Buyer(s) signature:
Print:
Name:
LeVasseur Dyer & Associates, P. C.
3233 Coolidge Hwy. Berkley, MI 48072
Reference:
(include your name or property address)
Bank Account: PNC Bank, National Association
2925 W. 12 Mile Road, Berkley, MI 48072
ABA Routing #: 041000124
Swift Code #: PNCCUS33
For Credit To:
LeVasseur Dyer & Associates, P. C.
IOLTA Account - RTA Holdings
3233 Coolidge Hwy. Berkley, MI 48072
Account #: 4273243153
Client Trust Account Information
EscrowAgreement Earnest Money Deposit
Escrow Agent's Duties. Pursuant to the Purchase Agreement, the Escrow Agent shall hold the Deposit that the Purchaser deposits with Escrow
Agent related to the sale of the Property.
Initial Deposit. The Purchaser and Seller have delivered $2,500.00 to be held by the Escrow Agent as the Deposit. Any other funds deposited with
Escrow Agent subsequent hereto shall be deemed part of the Deposit.
Release of the Deposit. The Escrow Agent shall apply the funds to the purchase of the transaction or otherwise release the Deposit as mutually di-
rected in writing by the Seller and Purchaser if the purchase transaction does not close.
By Signing below, it is agreed that LeVasseur Dyer & Associates, P. C., hereafter to be known as “The Closing Company” whose address 3233
Coolidge Hwy. Berkley, MI 48072 will hold the earnest money deposit for the above mentioned property, in a non-interest bearing account. Said
monies are to apply to the purchase price at the closing, pursuant to the Purchase Agreement.
LeVasseur Dyer & Associates, P. C., will pass on, to the appropriate party or parties, any and all costs/charges incurred for any check that was not
honored or any costs incurred in case of litigation for the return of Earnest Money Deposit.
It is hereby agreed that LeVasseur Dyer & Associates, P. C., is hereby held harmless for any and all costs that may be incurred by any of the parties
listed herein.
Exclusion of Liability: Both the Buyer and the Vendor exclude OVG Invest Company Limited., RTA Holdings LLC or its employees and agents from
any liability of whatever nature arising from breach of this agreement. The values of real estate increase and decrease and any past performance cannot
be a guarantee of future returns.
Reservation Form (cont.)
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The materials contained herein are provided on an “as is” and as available basis,
without representations or warranties of any kind. Whilst all reasonable efforts have
been made to ensure the accuracy of the contents at the time of preparation OVG
Invest Co. Ltd. expressly disclaims all such representations and warranties, either
express or implied, including without limitation warranties of title, non-infringement,
or implied warranties of merchantability or fitness for a particular purpose. OVG
Invest Co. Ltd. does not warrant the accuracy or completeness of the information, text,
graphics, links or other items contained within these materials. OVG Invest Co. Ltd.
may make changes to this publication at any time without notice. Whilst OVG Invest
Co. Ltd. strives to keep the information accurate and current, OVG Invest Co. Ltd.
cannot guarantee the accuracy, completeness or timeliness of the information. All
information represented by OVG Invest Co. Ltd., whether within this publication or
within other written or verbal communications, may not be relied upon as a statement
or representation of fact. Any visual images of property, whether photographs,
diagrams or artist’s impressions, show only limited parts of the property at the time
they were exposed. Any measurements or distances given, whether perceived or stated,
are approximate only. All information given relating to legal, local and governmental
regulations must be independently verified by potential buyers. All buyers must
complete a thorough inspection or otherwise of property introduced by OVG Invest
Co. Ltd. in order to satisfy themselves as to the accuracy of all information given.
The material contained herein is intended for general information only and nothing in
this publication contains professional advice or any binding commitment in relation to
the availability of property or the description of property.
Actual property taxes are subject to government calculations and reviews and may
differ from the figures quoted. Net rental returns do not include the following expenses;
insurance, international wire transfers, accountancy fees, income tax, maintenance,
property vacancy, miscellaneous items.
Property is an illiquid asset and prices can and do go up and down. Investors can and
do lose money on such investments. You must do your due diligence before investing
in any property opportunity. You must always take independent professional advice
before investing in property. You must not rely on information given to you by
developers or agents or those with vested interests.
OVG Invest Co. Ltd. acts as a broker for third party property developers. OVG Invest
Co. Ltd. cannot be held responsible for any errors or omissions in the information
provided by these third parties or for any failures to perform duties by these third
parties.
Disclaimer
