To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 9
Criteria | Points |
---|---|
mortgage coverage | ∅ |
optimistic scenario margin | ∅ |
pre-commercialization | ∅ |
track record | 🟩🟩 |
location | 🟩🟩 |
in the vicinity | 🟩 |
yield | ∅ |
LTA | 🟩 |
LTS | 🟩 |
operator commitment | ∅ |
sales price | 🟩 |
permanent loss | ∅ |
late projects | ∅ |
price trend | ∅ |
urban planning risk | 🟩 |
debt to equity | ∅ |
debt to asset | ∅ |
This review is proposed by Grégory Vaur on
⏰ The project starts on 08/11/2024 16h00
💰 The estimated rate of return is 9.16% per year.
⏱ The duration of the project is ∞
💼 Minimum amount to invest is 50$
Project Date: November 8, 2024, at 4:00 PM
Overall Review: Yield of 9.16%, rent start day on February 1, 2025, medium to very high crime rate, reasonable acquisition price and rent, low climate risk, variable renovation budget for properties.
The project involves the purchase of 4 houses ranging from 88 to 128 m², comprising 3 bedrooms and 1 bathroom, located in various neighborhoods of Detroit (population 605,000).
Acquisition: $50,000 | Rent: $1,100/month
Pros: Good rental yield, close to amenities
Cons: Nearby abandoned houses, high renovation budget, very high crime rate
Acquisition: $65,000 | Rent: $1,150/month
Pros: Moderate renovation budget, decent rental yield
Cons: Abandoned house nearby, high crime rate
Acquisition: $64,000 | Rent: $1,085/month
Pros: Reasonable renovation budget, good rental yield
Cons: Abandoned houses nearby, very high crime rate
Acquisition: $70,000 | Rent: $1,185/month
Pros: Good rental yield, decent location
Cons: Abandoned house nearby, renovation budget data not available
Despite some challenges such as high crime rates and abandoned properties in the vicinity, the Detroit Real Estate project offers promising rental yields and opportunities for investment. With diligent management and strategic renovations, these properties have the potential to provide stable returns for investors. Plus, the bonus offerings of free access to crowdfunding training and a year in the Investors Club make the project even more enticing. Ready to dive into real estate investment? Click here!
25 voters
👎36% 👍24% 🤷12% 🏳️28%
To vote :
Grégory Vaur
Grégory, I am 26 years old and have been an investor in real estate crowdfunding, stock markets and crowd-lending for around 1 year. I trained myself by watching videos on these subjects. I am currently registered on the first brick, Clubfunding, Raizers...
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