$110,000 · WYANDOTTE, MI 48192
Works for flippers · Low return for landlords

Available

$110,000Asking price

3 bd · 2 ba · 1,300 sq ft · built 1918

WYANDOTTE, MI 48192

No contract on file

via InvestorLift Classic

Listed Oct 13

Works for flippers

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $200,000
Asking price: −$110,000
RepairsMiddle of the seller’s $25,000 – $40,000. Ours: $19,000 – $39,500: −$32,500
Loan, holding, closing20% down, 12% interest, 2 points, 73 days: −$13,172
Profit22.2% of ARV · flippers want 10%+: $44,328
Works

Works for a flipper up to $132,000.

BEYOND HOME BUYERS

Youssef Reda

No reviews yet

Comps

Sales

Rents

ARV $200,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $202,000.

The sales behind this value are shown to members.

ARV $200,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

BEYOND HOME BUYERS

Youssef Reda

No reviews yet

Seller Description

225 Felice St, Wyandotte, MI 48192 Take a look at this duplex located at 225 Felice St in Wyandotte, MI 48192, featuring two separate living spaces with a total of 3 bedrooms and 2 bathrooms. With a practical two-story layout, this property offers potential for investors seeking rental income, a long-term hold, or a value-add investment. PROPERTY BREAKDOWN: First Floor: 1 Bedroom / 1 Bathroom Second Floor: 2 Bedrooms / 1 Bathroom Total: 3 Bedrooms / 2 Bathrooms Property Type: Duplex / Multi-Family Smaller unit 1bd1ba is rented for $750