$214,300
3950 MARGARETA, Detroit, MI 48221
Current Rent **
$2,000
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Low
New Price - Brick Colonial - Light Rehab
Cash or Hard Money ONLY
5 Bed 3.5 Bath Built - 1948
3,210 Sq Ft - Lot 7,710 Sq Ft Palmer Park Gardens / University District
Brick Colonial - Detached Garage - Corner Lot
Partially Finished Basement - Forced Air System
Two New Furnaces - Two New Hot Water Tanks
Pool Table & Wet Bar Included - New Stainless Steel Appliances
Kitchen and Baths need to be updated
ARV = $394,000 Comps
17566 Birchcrest Dr 18455 Wildemere St 18614 Wildemere St 17554 Birchcrest Dr
18682 Fairfield Dr
4/3.5 5/3.5 5/3.5
5/3.5 4/4.5
3,000 Sq Ft - Sold for $337,500 on 1/4/19 2,902 Sq Ft - Sold for $367,000 on 10/5/18 3,000 Sq Ft - Sold for $374,900 on 3/11/19
3,200 Sq Ft - Sold for $380,000 on 1/30/19 3,000 Sq Ft - Sold for $395,000 on 10/8/18
Contact Will or Mark @ 313-749-9792 or [email protected]
Location:
3950 MARGARETA, Detroit, MI 48221
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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