Updated over 7 years ago on .
Warren, MI - $23,000
This house was purchased about 12 months ago for $23,000 in the Warren, MI with an $8000 rehab.
According to estimates today it would be valued at least $50,000-60,000.
It may not be the prettiest house on the Street but I am chasing cash flow, but appreciate is very welcome and what I am seeing in pockets of Detroit market.
Tax - 1150
Insurance - 630
Rent - 750 per month
Rehab - 8,000
29% gross return