Call and schedule an appointment, inflation may have changed that price.

I invest heavily in Detroit and evictions are 3-4 months on average (was faster pre-COVID).Property taxes are high on a percentage basis but increases are capped at the rate of inflation with a max annual increase of 5%. 

From an economic standpoint, inflation is up again which has again lead to another spike in mortgage rates which is good for nobody.

Note if inflation is 10% implying costs have gone up 10%, the LL can only raise rents 7% which is not enough to cover increased costs.  

Before Covid, you could waive the prepay, but after inflation, many lenders don't allow it anymore.

Today We’re Talkin:- The Weekly 3 - News and Data to Keep you Informed- Inflation Back Again?!

Part of the reason we've been taking our time is that the costs for building materials like lumber were highly inflated at the time we purchased the property.Our primary residence, is here in the same state and we'd like to keep that home indefinitely and eventually it would be our home part of the year during retirement, rather than to sell it and move.

Jury Finds Brokers Conspired To Inflate Commissions, Awards Missouri Home Sellers Almost $1.8 Billion

Since the pandemic and inflation, it’s very challenging to find a property that will cash flow with the traditional 20-25% down payment in most markets.

While looking for a property you could put it in a high-yield savings account that gets you 3 to 4% so that it's not sitting stagnant losing value due to inflation.