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