Wayne County, Detroit, MI 48228

Fully renovated and vacant — ready for a new Section 8 tenant on day one, no further rehab cost. Projected rent of $1,500–$1,635/month against an all-in price of $100,000, with an ARV of $130,000–$140,000. Property management offered at 10% — fully hands-off from day one. What You're Getting Turnkey — no rehab needed. Recently fully renovated and vacant, ready to place a Section 8 tenant immediately. Property management offered at 10% for a fully passive investment. Recently fully renovated — vacant and move-in ready, no rehab budget required. Section 8 rent potential $1,500–$1,635/month — at the $1,568/mo midpoint, roughly 18.8% gross yield on purchase price. Even at a 50% expense ratio, netting roughly $784/month ($9,408/yr) at the rent midpoint — a 9.4% cash-on-cash return before financing. 3 bedrooms / 1 bath across 1,100 sq ft, built 1950. ARV $130,000–$140,000 — purchase at $100,000 is roughly 71.4%–76.9% of ARV. Built-in equity of ~$35,000 at the midpoint. Know Before You Buy: As-Is Sale. Built in 1950. Renovation was recently completed — buyer should still independently verify the scope and quality of the renovation, confirm Section 8 rent-ability with the local housing authority, and review condition of major systems during due diligence. Cash Flow (Section 8 Rental)Projected Section 8 Rent — $1,500–$1,635/MonthGross Monthly Rent (midpoint)$1,568 Gross Annual Income (midpoint)$18,816 Estimated Expenses (50% rule)~$784/mo Estimated NOI~$784/mo Estimated Cash-on-Cash (All Cash, $100,000)~9.4%Equity / ARV Spread Built-In Equity At Close ARV Range $130,000 – $140,000 ARV Midpoint $135,000 Purchase Price as % of ARV 71.4% – 76.9% Built-In Equity vs. ARV Midpoint $35,000 Contract Terms: Purchase Price: $100,000 (all-in) Projected Income: $1,500–$1,635/month (Section 8) ARV: $130,000 – $140,000 Condition: Recently fully renovated, vacant, as-is Close of Escrow: On or before September 5, 2026 Financing: Cash buyers only EMD: $1,000 (held in escrow) Closing Costs: Buyer pays all closing costs Note: Buyer to independently verify Section 8 rent-ability and renovation scope during due diligence. Contact Gatson for all inquiries or offers: [contact details hidden]