20365 Thornwood Ct, Southfield, MI

Asking Price: $201,500

Don't miss out on this off market two story brick colonial in Southfield.

This property has an attached 2 car garage and a secluded backyard on a 1/4 acre lot. This is a high profit flip or rental. Also would make a great BRRR deal.

Property details:

- Address: 20365 Thornwood Ct, Southfield, MI

- ARV: $330k+

- Flip Renovation: $70k

- Flip Profit: $55k+

- Rental renovation: $50k

- Market rent: $2,700 (1% rule)

- Rental ROI: 8.9%    

- Equity as a rental: $50K+

***Assignment, $2,500 EMD