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  • Asking price$104,900
  • Property TypeOther
  • Showing dateNot set yet
Property Sold - Contact Us
    • Bedrooms
      3
    • Bathrooms
      1
    • sqft
      -

Property details

A Great Investment Opportunity in Livonia, MI

Property Details

A classic single-family house featuring 3 bedrooms, 1 bathroom, and 888 sqft of living space on a 5,663 sqft lot with a 1-car detached garage.
• Roof: Old, but no leaks observed
• Furnace: Good shape
• AC: Dated but in good shape
• Plumbing: Good shape
• Electrical Panel: Dated but in good shape
• Water Heater: Good shape

The property will be delivered vacant at closing.

Investment Highlights
• Priced way below the bottom of the market at $119.9K (market bottom is $170K)
• Very hot market with low inventory (only 2 active listings out of 18), single digit days on market, and overbids are common
• Property in great overall condition (4/5) with all major systems in good working order
• Strong investor incentives with 14.09% ROI potential
• 100% sales success rate in this zip code with average profit of $49K per deal and 45 interested buyers per listing on average
• Excellent rental potential at $1,700/month with 1.37 DSCR and $155 monthly gross cashflow
• Cosmetic updates only needed - $30K rehab budget for flooring, kitchen updates, bathroom refinishing, and exterior improvements

Financial Summary
• ARV (After Repair Value): $175,000 - $185,000

A Wonderful Rental Opportunity!

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  • Year Built: 1950
  • Above Ground Area: -
  • Bedrooms: 3
  • Bathrooms: 1
  • Basement: No Basement
  • Garage: Car Port

This is an assignable contract for sale. All properties are sold As-Is for cash or hard money, which shall be verified by Seller. Minimum of $5,000 or a 3% of the sale price, which ever is higher, non-refundable earnest deposit is required along with a 21 day or less closing period. Opinions of value / rents / repairs are given as a courtesy and no guarantees are expressed or implied. All properties subject to errors, omissions, deletions, additions, cancellation. All properties sold in as-is conditions, where is with absolutely no warranty, no disclosure and no representations written or oral. Buyer is to do their own independent inspections and due diligence. Property will not be considered under contract until signed contract and earnest money is received, with all contingencies removed.

Location

Buying Process

We've simplified the buying process so you can focus on what matters: growing your portfolio or securing your very first property.

Here's how we work together to get you the keys.

  1. We Scout the Best Deals: Our team constantly uncovers discounted properties and secures them under contract so you don't have to.
  2. Explore Your Options: Visit 7minuteshousedeals to browse property specs, high-res photos, and walk-through videos of our latest finds.
  3. See It for Yourself: Spot something you like? Book a showing through the site, and we'll send you a personalized viewing time.
  4. Share Your Thoughts: After the tour, let us know your feedback. We're here to answer any questions you have.
  5. Easy Paperwork: Ready to move forward? Just say the word, and we'll send over our straightforward contract.
  6. Secure the Deal: Once your offer is accepted, you'll have 24 hours to deposit the Earnest Money Deposit (EMD) to lock it in.
  7. Support to the Finish Line: Our dedicated transaction coordinator will stay by your side, guiding you through every step toward closing.
  8. Welcome Home: Once the title is clear and the docs are signed, the property is officially yours. Congratulations!

Frequently Asked Questions

Notify us as soon as possible. Wholesale properties often move quickly, so responding quickly ensures you have a better chance of securing the deal.

Absolutely. Due to the delicate nature of the situation, we typically allow one walk-through before making an offer. This one-hour visit is intended to confirm the property's condition, as all key details are already provided in the marketing materials.

Simply head over to our Contact Us page and send us an email or give us a call. The telephone tends to be the quickest way to reach out to us. Once you connect with us and you want to purchase the property, we will send you our contract with all the details you need to know, including our title company, Earnest Money amount, and closing date.

Contact us

Have questions? Reach out to us through any of the options below—we're here to help!