$35,000
15810 Lawton St
Detroit, MI 48238
The numbers
Spread
$45,000
ARV − all-in
Flip ROI
56.3%
spread / all-in
% of ARV
64%
all-in vs ARV
Price / sqft
$30
ARV / sqft
$106
Rehab / sqft
$38
- Asking price
- $35,000
- Est. rehab
- + $45,000
- All-in
- $80,000
- After-repair value
- $125,000
- Projected spread
- $45,000
Deal terms
- Close method
- Assignment — proof of funds required
Property facts
- Property type
- Single Family — 2-story frame
- Bedrooms
- 3
- Bathrooms
- 1.5
- Interior
- 1,176 sqft
- Lot size
- 3,049 sqft
- Year built
- 1923
- ZIP
- 48238
Why this deal
- Roof ~2 yrs old + new electrical panel — structure money spent
- All-in ~$80k — just 64% of ARV
- Parkside comp sold $140k, 700 ft away
- Clear title — seller pays all back charges at close
Comps backing the ARV
15904 Parkside St
Sold 05/2026 — 3/1.5, 1,204 sqft, $116/sqft, same frame build, 700 ft away
$140,000
15476 Fairfield St
Sold 06/2026 — 3/2, 1,059 sqft, $109/sqft
$115,000
15834 Baylis St
Sold 08/2025 — 3/1, 1,065 sqft, $105/sqft
$111,500
About this deal
As-is 3-bed, 1.5-bath two-story in Dexter-Fenkell, minutes from University of Detroit Mercy. The structure money is already spent — roof is about two years old and the electrical panel is new — so the ~$45k scope is straight cosmetics: kitchen, bath, ceilings/drywall, paint, refinish the hardwoods, furnace. All-in lands near $80k against a $125k ARV backed by three renovated sales within 0.3 miles, topped by the $140k Parkside flip 700 feet up the street. Clear title on a warranty deed, seller pays all back water, taxes ($2,448/yr), and blight at close — projected net around $32,500 after selling and holding costs.
Location
15810 Lawton St
Detroit, MI 48238