Property Description:
TURNKEY CASHFLOW OPPORTUNITY IN SAGINAW, MI WITH GREAT POTENTIAL! CALL US TO WALK IT NOW!
ASKING: $30,000.00
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Property Details:
📍 City: Saginaw
🌆 County: Saginaw
🏡 Property Type: Single-Family
🛏? Bedrooms: 2
🛁 Bathrooms: 1
📏 Square Footage: 753
?? Lot Size: 6,534 sqft lot
📅 Year Built: 1949
🔥Occupancy: Tenant-Occupied on an annual lease (expires February) and would like to extend
Rental Info:
Current Rent: $500/mo (1.6%+)
Potential Rent: $750/mo (2.4%+)
HUD FMR: $1,038/mo (3.3%+)
Pricing Details:
💵 Asking Price: $30,000
💰 Minimum EMD: $5,000
Deal Details:
🔨 No rehab required to maintain the tenant.
- Recently torn down to the studs and restored so there is no immediate work that needs to be done to maintain the tenant for multiple years.
- Electrical, plumbing, mechanicals, windows, walls, and doors have all been replaced in the last 2 years.
- Roof was replaced 5 years ago.
- Garage has a garage door and entry door. Garage door works, but is missing a couple of rollers.
- This home would be a great, quick, and easy addition to your portfolio! You can instantly add a 1.6%+ rent rate, immediate cash-flowing property with no repairs, no hassle, and with a long-term tenant paying on an annual lease for $500/mo already in place.
Or, next month, you can increase the monthly rent to match market rates ($750/mo) to increase your rent rate to 2.4%+.
With an asking price of $30,000, this property offers an opportunity for very quick cashflow via DSCR at a 1.5+ ratio, calculated with $0 down.
📞FOR MORE DETAILS PLEASE
CONTACT us @ (947) 236-3066 📞
DISCLAIMER:
1. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates, information provided, or photographs/video showing the condition of the property are for your convenience only. Any information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, estimated rehab costs, as-is property square footage measurements, or proposed expansion through construction) is an unverified assumption of the company or its affiliates based on limited information and must be verified independently for accuracy. Company and its affiliates assume no liability whatsoever for the accuracy of any estimates, information, or photo/video provided. Buyer is required to conduct their own due diligence.
2. NO UNACCOMPANIED ENTRY OF PROPERTY: Broker and its affiliates do not give you authority, express or implied, to enter or access this property unaccompanied. Access to the property may only be obtained through scheduling a property inspection with Company.
3. NON-REPRESENTATION: Company and their affiliates DO NOT represent you.
4. You may not copy, store, distribute, display, modify, create derivative works, sell, or transmit any part of this content without prior written permission of Company.
5. Please Note:
Buyers pay all closing costs.
We are not a licensed contractor or appraiser.
This is an assignable purchase agreement that allows us to purchase the property listed below, not the property itself. If you are interested in this assignable purchase agreement, please contact us.