Updated about 12 years ago on . Most recent reply
IS THIS A GOOD DEAL?
I'm approaching a contract with a seller that I intend to buy and hold or whole sale. The property is located in a suburb of Detroit (Eastpointe). Here are the details.
- Single Family 3/2 All Brick
- 2.5 Car Detached Garage
- Full Basement
- 1200 sq ft/ Lot size 60x120
- ARV is $72,000 (Based on MLS Comps)
- Move in Ready with only about $2500 in renovations that could be scheduled in over the next year or so
- Tenants already in place at $950
- I'm getting it for $50,000
Would this be a good deal?