Buy&Hold (Single Family): (Turnkey) 11419 Wayburn, Detroit, MI 48224+ $85,000
- Promise Land Realty
- Feb 6
- 3 min read
SingleFamily Investment Oppurtunity
Price
$85,000
OFF-MARKET CASH FLOW / VALUE-ADD DEAL – DETROIT, MI
Address: 11419 Wayburn, Detroit, MI 48224
Asking Price: $85,000
Appraised Value: $120,000
Property Type: Brick Bungalow – Solid Block Construction
Living Area: 1,165 sq. ft.
Beds/Baths: 3 Bedrooms | 1 Bathroom
Property Financials & Photos
Property Highlights
Fully renovated within the last 2 years
Strong rental area with consistent tenant demand
Solid brick construction
Features include back deck and modern interior finishes
Tenant & Occupancy Status (IMPORTANT)
Tenant-occupied, NON-PAYING
Buyer will need to handle eviction
Lease in place through September 2025
No rent currently being collected
This deal is best suited for investors familiar with Detroit tenant laws and the eviction process.
Investment Summary
This property presents a value-add opportunity to acquire a recently renovated brick bungalow at a significant discount to appraised value. Once possession is secured, the property supports a market rent of approximately $1,300/month, offering strong long-term cash flow and equity upside.
With an appraisal of $120,000 and an asking price of $85,000, this deal allows investors to step into immediate equity while repositioning the asset for stabilized rental income.
Submit all offers directly to:investments@promiselandrealtyllc.com
Property Map
Inquiries & Offers: Promiseland Realty LLC – International Off-Market Division
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $1,000 non-refundable Commitment Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 50,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $1,000 non-refundable Commitment Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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