🏡 Investment Opportunity in Flint, MI - Ideal for BRRRR Strategy! 🌟

Property Details:

• Location: 330 Tennyson Avenue, Flint, MI
• Type: Single Family Home
• Bed/Baths: 3 beds, 1 bath
• Square Footage: 950 sqft

🛠️ Minimal Rehab Needed:

• Minimal Cosmetic Work: Only $5,000-$10,000 required.
• Recent Updates:
  • Roof
  • Water Heater
  • HVAC
  • Plumbing ✅
  • Electric ✅
  • City Sewer and Water

💰 Exit Strategy - Perfect for Section 8 BRRRR:

1. Buy: Purchase price of $50,000.
2. Rehab: Invest $5,000-$10,000 for cosmetic improvements.
3. Rent: Section 8 rents for a 3-bed in this county is $1,317.
4. Refinance: Reappraise at $80,000.
   • Loan of $60,000 @ 8% = $440.26/month.
5. Repeat: Pull out all your capital and put in a Section 8 tenant.

📊 Financials:

• Monthly Loan Payment: $440.26
• Section 8 Rent: $1,317/month
  • Cash Flow: $876/month
  • Annual Cash Flow: $10,512
• Long-Term Rent: $996/month
  • Cash Flow: $555.74/month
  • Annual Cash Flow: $6,668.88

🚀 Why This Deal?

• Minimal Investment: Only $5,000-$10,000 in rehab needed.
• High Cash Flow: Significant cash flow potential with both Section 8 and long-term rental options.
• Recent Updates: Major systems like roof, HVAC, plumbing, and electric have been updated in the past 5 years.
• Great Location: Flint, MI offers solid rental demand, ensuring stable occupancy rates.

CONTACT US:

845-238-4717