18244 Wormer, Detroit , Michigan 48219, MI 48219
SoldAbout this property
Detroit Sub 2 Cashflow Opportunity This charming 3-bedroom, 1.5-bath home offers 1,000 SqFt of comfortable living space and is fully move-in ready. Featuring a functional layout with bright living areas, a well-maintained kitchen, and cozy bedrooms, this property is perfect for small families or investors looking for a turnkey rental. With a little work, it has great potential to increase value and appeal. Deal Terms: Balance: 70,136.14 Interest Rate: 3.6% PITI: 782.75/month Entry: 30,000 Rental Potential: Market Rent: ~1,200–1,300/month Section 8 Rent Estimate: ~1,300–1,500/month Numbers: ARV: ~120,000 Net Cashflow: ~600/month after PITI 22–24% Cash-on-Cash Return with 30k in Strong tenant demand in this Detroit pocket Locked-in low interest rate at 3.6% Flexibility: traditional renter OR Section 8 dhollis@offernowmichgan.com / (248) 955-2172