$212,000 · STERLING HEIGHTS, MI 48310
Works for flippers · Landlords would lose money

Available

$212,000Asking price

3 bd · 1.5 ba · 1,403 sq ft · built 1960

STERLING HEIGHTS, MI 48310

No contract on file

via InvestorLift Classic

Listed Jun 29

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $305,000
Asking price: −$212,000
RepairsMiddle of our estimate, $0 – $14,000: −$7,000
Loan, holding, closing20% down, 12% interest, 2 points, 63 days: −$22,415
Profit20.8% of ARV · flippers want 10%+: $63,585
Works

Works for a flipper up to $243,000.

SELL2RENT CORPORATION

Ivan Garcia

No reviews yet

Comps

Sales

Rents

ARV $305,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $268,000.

The sales behind this value are shown to members.

ARV $305,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SELL2RENT CORPORATION

Ivan Garcia

No reviews yet

Seller Description

Asking Price: $212,000

Highlights:

Gross Yield: 12.73%
Market Value Discount: -24.29%
Monthly Rent: $2,250
Pre Paid Rent: 12 months
Total Seller Prepaid Rents: $29,250
Title precheck done!
Light inspection done! Request the report.
Desired lease period: 12 months

Property Details:

Single Family Home
3 Beds / 2 Baths
SF: 1403
Year built: 1960
Occupancy: Sell and Stay
Air Conditioning Type: Central
AC age: 3
Heating System Type: Central
Roof age: 3
Garage
Finished Basement
HOA: No

Pre-approved Financing Available - Ask How!!

For additional details about this property contact: Ivan Garcia (561) 726-6431

This is a direct deal - no daisy chains.

𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥:

𝗗𝗢 𝗡𝗢𝗧 𝗖𝗢𝗡𝗧𝗔𝗖𝗧 𝗧𝗛𝗘 𝗢𝗪𝗡𝗘𝗥/𝗦𝗘𝗟𝗟𝗘𝗥 𝗪𝗜𝗧𝗛𝗢𝗨𝗧 𝗢𝗨𝗥 𝗘𝗫𝗣𝗟𝗜𝗖𝗜𝗧 𝗖𝗢𝗡𝗦𝗘𝗡𝗧. 𝗔𝗡𝗬 𝗔𝗧𝗧𝗘𝗠𝗣𝗧𝗦 𝗧𝗢 𝗥𝗘𝗡𝗘𝗚𝗢𝗧𝗜𝗔𝗧𝗘 𝗢𝗥 𝗖𝗢𝗡𝗧𝗔𝗖𝗧 𝗧𝗛𝗘 𝗦𝗘𝗟𝗟𝗘𝗥 𝗪𝗜𝗟𝗟 𝗥𝗘𝗦𝗨𝗟𝗧 𝗜𝗡 𝗟𝗘𝗚𝗔𝗟 𝗔𝗖𝗧𝗜𝗢𝗡. WHEN YOU REGISTER, YOU ARE ACCEPTING OUR PRIVACY POLICY, DISCLAIMERS AND TERMS & CONDITIONS