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XXXX Joy Road, Detroit, 48204 - Duplex - $110,000

Address: XXXX Joy Road, Detroit, MI 48204 (2 Family Duplex)

This property represents an excellent "Buy, Rehab, Rent, Refinance, Repeat" (BRRRR) opportunity.

This 1922 Colonial-style two-family flat presents a significant value-add opportunity. With a purchase price of $110,500 and an estimated high-end renovation budget of $45,000, the total project cost is approximately $155,500. Based on market comparables, the After Repair Value (ARV) is estimated at $267,250, creating over $111,000 in forced equity.

Target Investor Profile: Cash-Flow & Refinance (BRRRR Strategy)

The Numbers:

Purchase Price: $110,500

Estimated Renovation Costs (High-End): $45,000

Total Cash Project Costs: $155,500

Equity Analysis

After Repair Value (ARV): $267,250

Equity Created: $111,750

Rental Analysis

Gross Potential Rent (GPR): $2,640 x 12 = $31,680

Vacancy Loss: GPR x 8% -$2,534

Total Operating Expenses: -$9,912

Net Operating Income = $19,243.

Once stabilized, a cash-out refinance at 80% of ARV ($213,800) would allow the investor to recoup their entire initial investment and walk away with over $58,000 in cash, while still holding a cash-flowing asset producing over $4,300 annually in the most favorable scenario.

This property as been inspected and vetted by porfessional property inspector. For the full inspection report and investment analysis contact us below:

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XXXXX Archdale St, Detroit, 48227 - 3 / 2 SFH - $150k

Address: XXXXX Archdale St, Detroit, 48227 (3 bed / 1.5 bath SFH)

This property represents an excellent "Buy, Rehab, Rent, Refinance, Repeat" (BRRRR) opportunity.

This 1947 Single-family colonial-style brick home presents a significant value-add and rental opportunity. With a purchase price of $95,000 and an estimated high-end renovation budget of $25,000, the total project cost is approximately $120,000. Based on market comparables, the After Repair Value (ARV) is estimated at $140,000, creating over $20,000 in forced equity.

Target Investor Profile: Cash-Flow & Refinance (BRRRR Strategy)

The Numbers

Purchase Price: $95,000

Estimated Renovation Costs (High-End): $25,000

Total Cash Project Costs: $120,000

Equity Analysis

After Repair Value (ARV): $140,000

Equity Created: $20,000

Rental Analysis

Gross Potential Rent (GPR): $1,500 x 12 = $18,000

Vacancy Loss: GPR x 8% -$1,440

Total Operating Expenses: -$7,430