$1,000,000 · OAKLAND COUNTY, BIRMINGHAM, MI 48009
Works for flippers · Landlords would lose money

Available

$1,000,000Asking price

7 bd · 5.5 ba · 3,632 sq ft · built 2018

OAKLAND COUNTY, BIRMINGHAM, MI 48009

2 views · listed Oct 21

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $1,557,000
Asking price: −$1,000,000
RepairsMiddle of the seller’s $0 – $30,000. Ours: $0 – $30,000: −$15,000
Loan, holding, closing20% down, 12% interest, 2 points, 66 days: −$110,069
Profit27.7% of ARV · flippers want 10%+: $431,931
Works

Works for a flipper up to $1,259,000.

JUSTIN PICKELL

No reviews yet

Comps

Sales

Rents

ARV $1,557,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $1,557,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

JUSTIN PICKELL

No reviews yet

Seller Description

Birmingham, MI SFR (7 bed / 5.1 bath, 3,632 sf, built 2018): ARV $1,557,000 with a 36% discount below ARV at the $1,000,000 ask. Flip numbers: comps-backed ARV $1,557,000, projected flip profit $431,931 with an estimated 38% ROI and a 28% margin. You’re buying the spread, not paying retail. Rental angle: not provided. If you’re a long-term buyer, this is still a strong basis-reset opportunity at a deep discount to ARV in Birmingham. Condition is listed as turn key with an estimated $0–$30,000 in repairs. Scope note: Gggg. This is positioned as a light value-add to support the ARV. Cash/quick close preferred.