$179,900 · WATERFORD TOWNSHIP, MI 48329
Works for flippers · Low return for landlords

Available

$179,900Asking price

4 bd · 1 ba · 1,120 sq ft · built 1969

WATERFORD TOWNSHIP, MI 48329

Contract on file

via InvestorLift Classic

6 views · listed 3 days ago

Works for flippers

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $350,000
Asking price: −$179,900
RepairsMiddle of the seller’s $50,000 – $70,000. Ours: $63,500 – $105,500: −$60,000
Loan, holding, closing20% down, 12% interest, 2 points, 84 days: −$22,750
Profit25.0% of ARV · flippers want 10%+: $87,350
Works

Works for a flipper up to $228,000.

REI DAILY DEALS

David Brown

No reviews yet

Comps

Sales

Rents

ARV $350,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $207,000.

The sales behind this value are shown to members.

ARV $350,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

REI DAILY DEALS

David Brown

No reviews yet

Seller Description

Investment Potential:Priced at $179,900 with an estimated ARV of $350,000, this 4-bedroom Waterford Township property offers substantial value-add potential and a strong purchase-to-ARV spread. The home requires significant trash removal and cleanup, giving an investor the opportunity to clear the property, assess the remaining renovation scope, and efficiently reposition it for the market.

The four-bedroom layout and reported nearby sales above $400,000 create meaningful upside for an investor who controls cleanup and renovation costs. Once improved, the property could support a profitable fix-and-flip or be retained as a long-term rental with substantial built-in equity.

HOUSE ACCESS: Tuesday, November 17th at 12:00 PM