$16,000
Property | , Detroit, MI 48205
One moment, the page is still waking up. The sign-up opens on its own.
Why Buy?
Estimated Monthly Cashflow
$1,122
Rehab
$25,000
ARV
$65,000
The Numbers
Asking Price
$16,000
EMD
$1,000
HUD Rent
$1,403
Value-add opportunity in Detroit's 48205. Contract price $12,500 with an estimated $25K rehab and $65K ARV. Current MSHDA 2BR payment standard is $1,403/month. Inspection period through 7/10 with closing scheduled for 7/25. Assignment contract. Cash buyers only. $1,000 EMD required. Buyer to verify all figures, including ARV, rehab, rents, title, occupancy, and conduct their own due diligence.
Map
Subject Property
Deal summary
Section 8 SFH in Detroit, MI 48205 – $16,000
2 bed · 1 bath · 835 sqft · built 1941 · Wayne County
Value-add opportunity in Detroit's 48205. Contract price $12,500 with an estimated $25K rehab and $65K ARV. Current MSHDA 2BR payment standard is $1,403/month. Inspection period through 7/10 with closing scheduled for 7/25. Assignment contract. Cash buyers only. $1,000 EMD required. Buyer to verify all figures, including ARV, rehab, rents, title, occupancy, and conduct their own due diligence.
HUD rent $1,403/mo · est. rehab $25,000