Dixon’s US property purchases: 10 highest yields

As we look back on 2011, Property Observer is republishing some of our most noteworthy stories of the year.

More than 800 investors put almost $27 million into the US Masters Residential Property Fund, which invests in houses in the New York Metropolitan area, at its most recent capital raising this month.

In October the fund added 22 rental properties to its portfolio at a cost of just under $4.66 million, taking its total holdings to 55 properties worth $11.18 million.

The new investments, all of which are sub-divided houses in Jersey City – just across from Manhattan – range in price from $120,000 to $354,000, with estimated yields ranging from 7.4% to 12%

With two more rounds of capital raisings still to come in mid-January (and opportunities for investors to get involved), here’s a rundown of the 10 highest-yielding properties in Jersey City added to the portfolio in October:

12%

The estimated annual net yield on the two-family detached property at 6 Vreeland Terrace (pictured above) bought by the fund for $140,000 with both three-bedroom apartments returning monthly rent of $1,200 each

11.9% 

The estimated annual net yield on the two-family detached property at 213 Myrtle Avenue (pictured above) bought by the fund for $120,000, with the three-bedroom apartments returning monthly rent of $1,050 and $900

11.6% 

The estimated annual net yield on the two-family detached property at 130 Orient Avenue bought by the fund for $155,000, with the three-bedroom apartments returning monthly rents of $1,150 and $1,200

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11.3%

The estimated annual net yield on the two-family detached property at 31 Van Nostrand Avenue (pictured above) bought by the fund for $175,000, with the two apartments returning monthly rents of $1,300 and $1,200

10.1%

The estimated annual net yield on the two-family detached property at 150 Myrtle Avenue (pictured above) bought by the fund for $180,000, with the two apartments returning monthly rents of $750 and $2,000

10%

The estimated annual net yield on the three-family detached property at 9 Bidwell Avenue (pictured above) bought by the fund for $200,000, with the three apartments returning monthly rents of $690, $940 and $1,040

10%

The estimated annual net yield on the two-family detached property at 60 Dwight Street (pictured above) bought by the fund for $241,000, with the two apartments returning monthly rents of $750 and $2,000

The estimated annual net yield on the four-family detached property at 366 Forrest Street (pictured above) bought by the fund for $222,000, with the two apartments returning monthly rents of $850, $900, $700 and $900

The estimated annual net yield on the four-family detached property at 167 Clinton Avenue (pictured above) bought by the fund for $241,000, with the two apartments returning monthly rents of $750 and $2,000