This Westland property (1,092 sqft, 3 beds, 1 bath) is listed at $50K, which is well below the average neighborhood sold price of $197K and a median price per sqft of $149. The home needs extensive repairs or could be a full tear-down, but the low entry price and large lot (0.41 acres) offer plenty of upside for value-add investors. The comps confirm solid resale values for similar-sized homes in decent condition.
If you're an investor, this one's all about the numbers and your appetite for renovations. Well, if you can keep rehab costs under $80K, you could land well below the 70% ARV rule and have room for profit—just watch out for nasty surprises! Homeowners wanting to sell 'as is' should focus on cleaning up the lot and highlighting the large garage and lot size to attract bargain hunters or builders.