12826 Wade St, Detroit (East side), MI 48213

This property offers an excellent buy-and-hold opportunity in an established Detroit neighborhood with steady rental demand. The 3-bedroom, 1-bath home has a roof less than 10 years old, and the hot water heater and furnace are both in working order, so the big-ticket items are already taken care of. It needs a good clean-out and minor cosmetic work, and then it will be ready for a tenant.

Priced at $40,000 with an estimated after-repair value (ARV) of $100,000+, this property is a strong cash-flow play. Area rent comps range from $1,050 to $1,400 per month, which puts this deal at roughly 2.6% to 3.5% of the purchase price per month, well above the 1% rule most investors use as a benchmark. The property is sold as-is, and deals like this are very competitive, so serious buy-and-hold investors should act quickly.