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Archived over 5 years ago

$120,000

3 bd ba 1696 sqft

11549 Riverbank Ln, Pinckney, MI 48169

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Lake property flip with huge potential

Flip opportunity with huge profit potential! This spacious, hilltop home with lake views has access to Highland Lake and the chain of seven lakes. Features include a natural brick fireplace, two car heated garage, and deck. Previous owner started renovation (completed demo) but lost property to foreclosure. Ideal flip for investor to complete with a large margin. ARV: $280k (contact me for comps), work required: ~$80k.

Seller is a licensed agent. Buyer or buyer's agent to verify all information.

Location:

11549 Riverbank Ln, Pinckney, MI 48169

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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.