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12641 Mettetal St, Detroit, MI, 48227

12641 Mettetal St, Detroit, MI 48227

$125,000 After Repair Value -
$85,000 Asking Price -
$0 Cost of Repairs =
$40,000 Potential Profit

Property Details

Asking Price $85,000

After Repair Value $125,000

Costs of Repairs $0

Potential Profit $40,000

Living Area 1176 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Located on a beautiful tree-lined street with easy access to I96 Express, nearby shopping and retail, and just 10 minutes out of downtown. This 3 bed brick home presents a great opportunity for minimal rehab to bring to market rent of $1,000/month. At current rent of $775 the property provides a stable 7% cap rate until the lease expires in 2022 and cap rate can be raised to around 10%. With a recently remodeled kitchen and other updates, this could also be a quick 25% ROI flip or a strong BRRRR candidate. Submit an offer today to be included in our upcoming walk-through.

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