Looking for a cash buyer/investor home is tennant occupied this home is on assignment. This is a Single-Family Home located at 20108 Pelkey Street, Detroit, MI. 20108 Pelkey St has 3 bed 1 .5 bath and approximately 900 square feet. The property has a lot size of 4,792 and was built in 1942. 20108 Pelkey St is in the Greensbriar neighborhood in Detroit, MI. (Wayne County) APN: 21030008 (Property is Vacant) Summary for quick flip (53% of ARV, 90.48 ROI) $17,500 Sale Price $ 3,000 Repairs $ 500 Closing cost $ 40,000 After Repair Value $ 19,000 Potential Profit Summary for buy and hold ( 26.3% cash on cash return annually) $17,500 Sale Price $ 650 Projected Monthly rent $ 190 Operating Expenses $ 460 Net Operating Income monthly/ Cash Flow Great opportunity for investor seeking fix and flip, or buy and hold for the perfect rental. This property has back taxes in the amount of $4,500, which are already included in the sales price. This home is being sold as is. A warranty deed can be provided if buyer pays cost for it. Home needs cosmetic repairs ( carpet, paint, clean-up). Buyer pays closing cost. CASH BUYERS ONLY
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