$135,000 After Repair Value -
$69,000 Asking Price -
$0 Cost of Repairs =
$66,000 Potential Profit

Property Details

Asking Price $69,000

After Repair Value $135,000

Costs of Repairs $0

Potential Profit $66,000

Living Area 1,300 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 2

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Solid buy, renovate, and hold opportunity in the strong rent market of Detroit. After completing the attached scope of work, an investor\'s cap ex should be very low for years to come, helping drive cash flow even higher. With section 8 fair market rents over $1,300/month, this has property has great long-term upside to hedge against the growing inflation numbers. Already having a firm bid and scope of work in place, an investor can begin on day one with turning this 4 bedroom 2 bath home into a cash flow machine.

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