Share 'Metro Detroit SFR Rental-to-Hold - $25,200 3/10 Note, 60% ARV - Perfect for Self-Directed IRA!'
We just closed on a 4 bedroom, 2 bath home in the ring city (borders Detroit) of Hazel Park and are starting rehab.
Property will rent for $1100/month and will have a conservative ARV of $42,000
We're looking for a Note with a 3 year balloon term, 10 year amortization.
Property will have a 24.0% CAP rate, but more importantly a 14.0% ratio of cashflow/loan amount.
If you're interested, we can sen…
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