Deal summary

Section 8 SFH in detroit, MI 48213 – $70,000

3 bed · 1 bath · 1438 sqft · built 1909 · Wayne County

This fully renovated 3BR/1BA rental at 5115 Seyburn St is tenant-occupied and already producing $1,450/month in rent. Major systems are in great shape with the HVAC, roof, and water heater only 1 year old, minimizing near-term capital expenses. Based on a 7% DSCR loan with 20% down, the deal projects approximately $496/month in cash flow and a 31.33% cash-on-cash return. Turnkey condition, strong rent, low acquisition price, and immediate cash flow make this a solid addition to any rental portfolio!

ARV $105,000 · est. rehab $2,000