Investorlift

$62,500 · DETROIT, MI 48224
Works for flippers · Works for landlords

Available

$62,500Asking price

3 bd · 1 ba · 1,069 sq ft · built 1942

DETROIT, MI 48224

Contract on file

via InvestorLift Classic

Listed 19 hours ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $123,000
Asking price: −$62,500
RepairsMiddle of the seller’s $20,000 – $30,000. Ours: $33,000 – $59,500: −$25,000
Loan, holding, closing20% down, 12% interest, 2 points, 70 days: −$7,716
Profit22.6% of ARV · flippers want 10%+: $27,784
Works

Works for a flipper up to $77,000.

QUICK SELL DETROIT

Sean Potts

No reviews yet

Comps

Sales

Rents

ARV $123,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

QUICK SELL DETROIT

Sean Potts

No reviews yet

Seller Description

ATTENTION INVESTORS

Detroit, Michigan 48224

Within walking distance of Edwin C. Denby High School and Wayne High School

Property Details:

Bd/Br: 3Br & 1Ba
Living Area: 1,069
Lot size: 0.10 acres
Year Built: 1942

FINANCIAL DETAILS

Purchase Price: $62,500
51% of ARV
ARV: $123,000
EMD: 5K
Price per Sqft: $115

Comps

6106 Oldtown St Sold - 132K on 05/18/26 | Price per Sqft: $137 | 961 Sqft | 3Br & 2Ba
5918 Cadieux Rd Sold - 100K on 10/09/26 | Price per Sqft: $90 | 1,104 Sqft | 3Br & 1Ba

Contact Sean for questions

E: sean@quickselldetroit.com

P: (586) 900-8484

View photos & videos and Make your move now!

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ARV $123,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $37,000.

The sales behind this value are shown to members.

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Investorlift
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DETROIT, MI 48224

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