$160,000
610 Hickory Street, Fenton, MI 48430
Current Rent **
N/A
Projected Rent **
$2,301
Estimated Rent †
Estimated Rent Confidence ‡
High
Opportunity in Fenton
*FOR SALE on assignment*
Hickory Street, Fenton, MI 48430
3 bed/ 2 bath
2 car detached garage
1525 sqft on nearly 1/3 acre lot
Great opportunity just off the beautiful trending downtown strip in Fenton. Located on a quiet peaceful drive this home is walking distance to all the great restaurants, boutique shops, parks, and lakes. 3 bed, 2 bath house on a large lot with a detached garage. Owner has already made major improvements including new furnace & central air, roof, whole house generator, siding, gutters, and more. Great opportunity for fix and flip or BRRRR / short term vacation rental.
Comps for other 3 bed/2 bath homes with similar square footage in the area sold within the last few months are nearly $300k.
ARV of $250k+ (depending on reno, could be much higher)
Repair cost of roughly $32k
Flip Profit: $45k+
Asking $160k cash only
Location:
610 Hickory Street, Fenton, MI 48430
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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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