A Great Investment Opportunity in Detroit, MI
Property Details
A classic single-family house featuring 3 bedrooms, 2 bathrooms, and 920 sqft of living space on a 4,356 sqft lot with a driveway.
• Roof: Fair
• Furnace: Good
• AC: N/A
• Plumbing: Old
• Electrical Panel: Good
• Water Heater: Good
The property will be delivered vacant at closing.
Investment Highlights
• Strong rental potential with projected cash flow of $460 net per month
• Bonus second bathroom in basement adds extra value (comps used are all 3/1)
• Interior cosmetically in great condition with good furnace and water heater
• Located in active market with 18 average interested buyers per deal in this zip code
• Full unfinished basement provides additional upside potential
• Historical investor success: 33% sale rate on blasted deals in this area with average $3,514 profit
Financial Summary
• ARV (After Repair Value): $85,000 - $90,000
A Wonderful Wholesale Opportunity!