BRRRR single family with before and after pics! Metro Detroit
Picked up this house in Redford Mi on a bankruptcy deal for $58k. Redford is 15 min west of Detroit. Decent area where homes sell for ARV of around 80-150k depending on size/location. Redford is in the Livonia/Westland/Garden City/Dearborn Heights/Plymouth area.
3 bed 1 bath 1000 sqft bungalow (we added a full bath in basement.)
New roof , all new plumbing, new paint, new garage siding, new countertops, refinished hardwood flooring, new plugs/switches, updated bathroom and put new full bath in basement. New carpet/vinyl etc.
In total $21,000 remodel.
Put it up for rent for $1,200 yesterday and have already a ton of calls. Will rent at this price no problem. Here is the zillow link https://www.zillow.com/homes/for_rent/Redford-MI/h...
As soon as I have a signed lease I will do a cash out refi at 70% LTV. Appraisal should come in around 105-110k.
Before and After pics:
-
Real Estate Agent
- KJ Manage
