Full Description

 Cash purchase only,buy outright for £16,286 including all fees. This is a 4 bedroom, 2 full bathroom single family home in a desirable rental location to the East of the City, near the exclusive suburbs of Cheektowaga and Amherst. There are several houses in this street that are undergoing updates and renovation, a sign that it is an area worthy of investment in this investor driven City. The neighborhood is clean, with groomed yards (gardens) and has a community presence. The locally famous Schiller Park fountains are a stone's throw away, and are spectacular in the summer months. The property benefits from multiple updates, with MANY new additions, new mechanics, paint, carpets and windows. A solid investment that will require minimal upkeep in the future. The property management company are considered the best in Buffalo, and there is a 3 month rent guarantee in place. The tenants are clean, conscientious and considerate, paying $630 a month currently. They have recently moved in with the intention to stay long term. (photos shown taken prior to occupancy) The net profit after all outgoings/expenses is £216 a month.

                                              $                   £                @$1.95-£1.

Annual rent                            7560             3877

Net surplus after outgoings      5064             2597

Net monthly return                    421              216

 NYS Licensed Home inspection (survey) completed,licensed appraisal (mortgageable value) completed (figure higher than purchase price), and a full investment package is made available to cover every facet of this investment, from sourcing through to closure and into property management, nothing is left to chance. Our stateside team of professionals will assist every step of the way.

Single family properties have several benefits over multi family units. They are easier to manage, require less maintenance, and the exit strategy of a larger resale market is available as local owner occupiers aspire to move into the better areas of the City. 

Buffalo is the second largest City in New York State, and prices there are amongst the cheapest in the USA, but have been rising during the past few months, against the national trend. Ranked recently by CNN as the 5th Fastest growing market in the USA, it is investor driven with a huge rental market. There has been over $3bn invested into this City recently and many areas are earmarked for major development and re generation/growth.