Make an offer! - 15835 Rutherford St, Detroit, MI, 48227

15835 Rutherford St, Detroit, MI 48227

$85,000 After Repair Value -
$56,000 Asking Price -
$0 Cost of Repairs =
$29,000 Potential Profit

Property Details

Asking Price $56,000

After Repair Value $85,000

Costs of Repairs $0

Potential Profit $29,000

Living Area 922 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

If you\'re looking for an already cash flowing investment property in Detroit, this is a perfect property for you. This beautiful brick home is in a very desirable neighborhood and there is a lot of potential for rent growth as well.

Although the current rent is at $800/mo with a whopping 13% CAP rate, market rents could be as high as $1,200/mo which would significantly increase the cash flow and the proforma of this investment as well.

Whether you are looking to BRRRR, buy & hold, or even fix & flip this property you will have multiple exit strategies which make this investment very low risk.

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