We closed on this property on 2025-03-31 with a tenant who was paying $800 a month.  This property was under property management through our trusted local partner, Own It Detroit – Mutual Property Management since 2018.  The renter agreed to a $100 rent increase after closing, and in exchange, we offered some CapEx updates in the kitchen and the bathroom.

Zillow has the property valued at $80,700 in September 2025; however, based on the property’s internal condition, we have given it a more conservative internal valuation of $70,000.  For reference, this area’s average property values are above $83,000 today.

Sometimes deals are too good to be true, and sometimes they are real.