Investment Potential: Subject 2 Deal
This 3-bedroom, 1-bath Eastpointe home offers a subject-to investment opportunity with a $15,000 entry price and an existing mortgage at 3.875% interest. With 1,365 square feet and an estimated ARV of $155,000, the property offers potential for a long-term rental or future resale following condition-based improvements.
Deal structure: Purchase subject to the existing mortgage remaining in the seller’s name.
Entry price: $15,000—not the total purchase cost; existing debt remains in place.
Outstanding mortgage principal: $113,017.36.
Interest rate: 3.875%.
Regular monthly payment: $1,115.98, including $577.15 principal and interest plus $538.83 escrow.
Mortgage maturity: April 1, 2052.
Estimated ARV: $155,000.
Rent in the Area: $1,500.
The primary appeal is access to the existing financing with a relatively low upfront entry. Rental income, repairs, total acquisition costs, and the loan’s transfer restrictions should be verified before projecting cash flow or resale profit.
Asking Price: $15,000 Entry Price
ARV: $155,000
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HOUSE ACCESS: Thursday, September 10th at 12:00 PM
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Details
✅ 3 Bedrooms / 1 Bathroom
✅ Subject-2-Deal
✅ 1,365 sq. ft.
✅ Lot Size: 4,791 sq. ft.
✅ No Basement
✅ Two-Car Garage
✅ Single Family
✅ Year Built: 1946
📅 Closing: By 09/26/2026
💵 EMD: Required within 24 hrs of signing
👥 Buyer Agents: Welcome – 2.7% commission
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📞 Call/Text: 248-838-0975
📧 Email: office@reidailydeals.com