$57,000
TENANT OCCUPIED RENTAL IN DETROIT. PRICED TO MOVE!
Detroit, MI 48227
AvailableSection 8
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Available
1 / 9
3Beds
1Baths
1,020Sq Ft
1938Year Built
Why Buy?
Net Monthly Cashflow
$542.15
Cash-on-Cash
40%
The Numbers
Asking Price
$57,000
What you'll pay at closing
Price$57,000
Closing coordinationby Gold Key$750
Price plus closing coordination$57,750
Your own closing coordinator: title chased for you, every document in one place, updates until the keys are yours. Paid at closing, nothing up front. Title and closing costs are separate.
EMD
$1,000
Long-Term Rent
$1,535
Map
Subject Property
Deal summary
Section 8 SFH in detroit, MI 48227 – $57,000
3 bed · 1 bath · 1020 sqft · built 1938 · Wayne County
1938 built home on Grandmont Ave with three bedrooms and one bath in just over 1000 square feet. Asking 57k with repairs estimated at 7k, and the numbers work for Section 8 at an estimated 1300 a month. Straightforward cash deal for investors looking at Detroit.
ARV $101,000 · est. rehab $13,770