Investorlift

$65,000 · DETROIT, MI 48224
Works for flippers · Works for landlords

Available

$65,000Asking price

3 bd · 1 ba · 1,088 sq ft · built 1947

DETROIT, MI 48224

No contract on file

via InvestorLift Classic

3 views · 1 saved · listed 15 hours ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $127,000
Asking price: −$65,000
RepairsMiddle of the seller’s $5,000 – $10,000. Ours: $0 – $11,000: −$7,500
Loan, holding, closing20% down, 12% interest, 2 points, 63 days: −$7,877
Profit36.7% of ARV · flippers want 10%+: $46,623
Works

Works for a flipper up to $96,000.

SHARESS MCCORMACK

Sharess Mccormack

No reviews yet

Comps

Sales

Rents

ARV $127,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SHARESS MCCORMACK

Sharess Mccormack

No reviews yet

Seller Description

3 Bedrooms | 1 Bathroom Approx. 1,100 Sq. Ft. Single-Family Home Tenant-Occupied Investment Property 💰 Investment Highlights Asking Price: $65,000 Current Rent: $1,000/month Current Lease Through April 2027 Consistent, On-Time Rental Payments 18.5% Gross Annual Rental Yield Potential Section 8 Rental Upside ($1750 currently)After Lease Expiration Great buy-and-hold opportunity for investors looking for immediate cash flow and future rental upside.

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ARV $127,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $42,000.

The sales behind this value are shown to members.

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Investorlift
MI
Detroit
48224
DETROIT, MI 48224

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