171 Mather St, Syracuse, NY 13203
Under Contract via UGC
Partial Refurbishment Completed 2015
Purchase Price US$61,500 | Monthly Rent US$1,550
Gross Rental Return on All In Costs 24.4%
Minimum Expected Net Return on All In Costs 10.7%
Expected Fair Market Value: US$69,000
Fully Vetted and Highly Government Subsidised Tenants
(Tenants must meet strict performance criteria)
Duplex : Bedrooms: 6 Bathrooms: 2 Living Sqft: 2378 (220 sqm) Lot Size: 37 x 136 Year Built: 1872 (Partial refurbishment in 2015) Basement: Full (Unfinished)
Our extensive research into the US real estate market continues to uncover exceptional high cash flow investment opportunities for investors looking for yield in a low interest rate environment, this time in Syracuse, situated 4 hours drive north of New York City in Central New York.
171 Mather Street, Syracuse is situated in a developing market in the state of New York. The 2378 square foot duplex features 6 bedrooms, 2 bathrooms, full unfinished basement with an astonishing annual gross rental income of US$18,600 and fully provisioned net rental income of US$8,145 per annum. This property was built in 1872 and but has recently undergone a partial refurbishment in 2015.
Although the suburb is located in a developing area within Syracuse, that doesn’t mean the investment is high risk. In fact, by accessing government tenancy subsidy programs such as Section 8 and other Department of Housing Administration programs (which have strict tenancy performance criteria), this US real estate investment can be a low risk high performer creating plenty of safe and consistent cash flow to support your wealth creation and retirement needs.
A combination of improved economic conditions, low interest rates, strengthening consumer confidence, a significantly stronger jobs market, highly affordable prices and a chronic under-supply of housing is driving significantly higher rents, and we expect soon, significantly higher real estate prices in our target markets. Given the high cash flow and capital appreciation potential, we believe that right now, the US real estate market is providing a rare opportunity for both income and growth investors. There is still plenty of time left to capitalise on this investment opportunity and to add significant value to your portfolio.
If you have an interest in real estate and would like to learn more about how you can benefit, download our FREE US Real Estate Investment Presentation today. You can also download your copy of our FREE White Paper research report to access our in-depth analysis.
If you have been considering making an investment in the US housing market and want to discuss what opportunities are available, contact United Global Capital today for a no cost, no obligation consultation on 03 8657 7640 or email [email protected].
The information contained in this report is General in nature and has been prepared without taking into account your objectives, financial situation and needs.