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Archived almost 5 years ago

$48,200

3 bd 2 ba 1600 sqft

908 S 7th Street, Saint Clair, MI 48079

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$900

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Looking to get started Real Estate Investing? This is the home for you!

Investment property for sale in Saint Clair County | Looking for a Cash Buyer (We have Financing Options!)

Three bedroom; Two bathrooms
1600 sqft
Foundation: Vinyl Siding
 
Discounted Price: $48.2K
After Repair Value (Retail): $90.9K

Analysis
Repair Costs: $8K
Total Buyer's Cost: $56.2K

Total Buyer's Profit Fix & Flip: $34.7K
Buyer's Return on Investment (ROI): 62%
 
Highlights
Desirable neighborhood
Two blocks away from Pine River
Recently updated bathroom
Nice master bedroom
Asking price significantly below market value
2 minutes away from St. Clair Historical Museum
Needs Minimum work (cosmetics)
Great buy and hold opportunity as well
Don't have the cash on hand? Don't worry, we have financing options!
Message me for more photos

We are selling our assignable purchase contract on this property.

Location:

908 S 7th Street, Saint Clair, MI 48079

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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.