Warren, MI - $23,000

[Marisa R.]

This house was purchased about 12 months ago for $23,000 in the Warren, MI with an $8000 rehab. 

According to estimates today it would be valued at least $50,000-60,000. 

It may not be the prettiest house on the Street but I am chasing cash flow, but appreciate is very welcome and what I am seeing in pockets of Detroit market.

Tax - 1150

Insurance - 630

Rent - 750 per month

Rehab - 8,000

29% gross return