Wholesale Cash Flowing

New property! 9221 Grayton St, Detroit, MI, 48224

9221 Grayton St, Detroit, MI 48224

$80,000 After Repair Value -
$39,000 Asking Price -
$0 Cost of Repairs =
$41,000 Potential Profit

Property Details

Asking Price $39,000

After Repair Value $80,000

Costs of Repairs $0

Potential Profit $41,000

Living Area 864 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Strong cash-flow on day 1. This 3 bedroom brick home is currently being rented out at $850/month until June 2023. Great opportunity to buy now and collect cash-flow instantly while seeing where the market heads over the next year and decide whether to upgrade when the current lease ends or potentially make minimal improvements and place a long-term section 8 tenant into the property. Recently appraised at 47k as-is, an investor can add instant equity to their portfolio as this one is priced to sell quickly.

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