This Detroit property offers 4 beds, 2 baths, and 1,468 sqft, making it one of the larger homes in the area. It's priced attractively at $26K, way below the local median and average sold prices ($115K–$130K). However, the listing notes it needs a full rehab, so expect to pour time and cash into repairs before seeing any upside.
If you’re an investor, run detailed renovation estimates and stick to the 70% rule—don’t pay more than 70% of the after-repair value minus your rehab costs. For homeowners just looking to sell, focus on basic clean-up and curb appeal to attract buyers who want a project. Don’t over-improve; let the next owner handle the big stuff.