$137,000 · DETROIT, MI 48238
Works for flippers · Low return for landlords

Available

$137,000Asking price

3 bd · 2.5 ba · 1,970 sq ft · built 1938

DETROIT, MI 48238

No contract on file

via InvestorLift Classic

2 views · listed Oct 29

Works for flippers

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $255,000
Asking price: −$137,000
RepairsMiddle of the seller’s $25,000 – $65,000. Ours: $29,500 – $61,000: −$45,000
Loan, holding, closing20% down, 12% interest, 2 points, 78 days: −$16,763
Profit22.1% of ARV · flippers want 10%+: $56,237
Works

Works for a flipper up to $165,000.

AVANTI PROPERTIES LLC

Jacob Farrelly

No reviews yet

Comps

Sales

Rents

ARV $255,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $177,000.

The sales behind this value are shown to members.

ARV $255,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

AVANTI PROPERTIES LLC

Jacob Farrelly

No reviews yet

Seller Description

After Repair Value (ARV): $255,000

Estimated Rehab: ~$40,000 (Cosmetic Only)

Potential Spread: ~$60,000

Property Specs: 3 Beds | 1.2 Baths | 1,964 Sq Ft | Brick Colonial

Investment Strategy: Quick Cosmetic Flip or High-Cash-Flow Rental (BRRRR) (WHOLETAIL)

Key Highlights

minimum Demo Required: Clean slate with no heavy tear-out or trash-out needed. Move straight into updating.
Light Cosmetic Scope: Projected rehab focuses primarily on fresh interior paint, modern kitchen cabinet/countertop refreshes, and carpet/flooring replacement.
Classic Brick Construction: Solid 1,964 sq ft two-story brick colonial layout with strong structural bones. 3 beds 1.2 baths
Fast Turnaround Potential: Minimal labor required allows for a rapid 30-to-45-day rehab timeline to get to market quickly.

Investment Breakdown

With zero teardown and a straightforward cosmetic scope, this project offers a high-velocity return for fix-and-flip investors aiming for the $255,000 ARV. Buy-and-hold investors can also execute a clean cosmetic update, stabilize tenant occupancy, and execute a cash-out refinance with significant equity left in the deal.

Transaction Terms

EMD: $2,500 non-refundable earnest money deposit upon contract execution.
Closing: Fast closing via preferred title company; buyer covers standard closing costs.
Access & Lockbox: Contact Jacob for walkthrough scheduling.