We Buy Houses

TurnKey Rentals & Fixer Uppers

Pure Equity Investments LLC

1
Grand Blanc, MI 48439
 (810) 908-6470
Contact Us

Pure Equity Investments LLC

1
Grand Blanc, MI 48439
 (810) 908-6470
Contact Us

4333 8th St, Ecorse, MI 48229

3 Bedrooms / 1 Baths / Single Family

Property Status: Pending (Wholesale) |  Pending: $25,000.00



Ready to be flipped!! ARV $80k. This is a GOOD DEAL - dont miss out!


Property Details:
Property Style:
1-Story
Year Built:
1925
Finished Sq. Ft:
900
Basement:
Unfinished Basement
Owner/Agent:
Wholesale
4333 8th St, Ecorse, MI 48229
OFF-MARKET
VACANT
MARKET RENT: $1200+
PRICE: $31,000
ARV: $70,000+
TEXT 248-238-8391

💧 House looking for the right person to fix it up!

3 Beds, 1 Bath, Full Basement

New Furnace in 2015, New Roof/Windows in 2008

When doing comps, realize this property has a basement

There are many comps with no basement

Nice Flip or BRRRR opportunity.

UPDATES

💧 Furnace in 2015
💧 Roof / Windows in 2008
COULD USE

💧 Flooring / Paint throughout
💧 Updated Vanity / Toilet in Bathroom
💧 Paint Porch & Deck

VALUE ADD OPPORTUNITIES

💧 Update
💧 Finish Basement
💧 Place tenant at ~$1200+ per month

EXIT STRATEGIES

💧 #1: Update, place high paying tenant, refinance
💧 #2: Update, sell on market for profit
💧 #3: Sell to LC buyer & let them do the updates
💧 #4: Lease with option to buy
💧 #5: Whatever you desire - share with us!

INVESTMENT FINANCIALS

💧 Price: $31,000 (ARV ~$70,000+)
💧 Spread: ~$39,000+
💧 Return Rate: ~20%+
💧 Market Rent: $1200+/m2m
💧 Insurance: ~$40/month
💧 P Management: ~$120/month (if wanted)
💧 Taxes: ~$2000 per year
💧 Potential Cashflow: $14,400+ per year

PROPERTY DETAILS

💧 3 Bedrooms
💧 1 Bathrooms
💧 ~900 sqft
💧 Full Basement

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