2935 W Philadelphia St

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🔥 Turnkey Detroit Brick Rental – DSCR Refi Upside

📍 2935 W Philadelphia St, Detroit, MI 48206

4 Beds | 1 Bath | ~1,400 SqFt Living
🏡 Brick Single-Family | Built 1924
🚗 Driveway | Full Basement

This solid brick Detroit rental is nearly turnkey with major systems fully updated, making it an excellent candidate for a buy-and-hold with DSCR refinance upside. Only minor finish work remains.

🏡 Major Updates (Already Done):

• New furnace

• New water heater

• New electrical panel

• New ductwork

• New plumbing

• Clean kitchen

• Updated bathroom

🛠️ Remaining Items (Minor):

• Drywall touch-ups

• Flooring in 1 bedroom

• Install vents throughout

• Trim pieces

📊 Nearby Comps:

• 3280 Montgomery St – Updated → $152,500

• 2635 W Philadelphia St – Updated → $142,606

• 2923 Gladstone St – Outdated → $117,800

• 3265 Gladstone St – Outdated → $116,654

These comps support strong as-is and refi value once minor items are completed.

💡 Why This Deal Works:

• Turnkey systems = low CapEx risk

• Minor finishes → quick stabilization

• Brick construction + full basement

• Ideal for DSCR refinance, buy & hold, or light flip

🔥 Clean rental with upside — perfect for investors looking to deploy capital efficiently. Submit your offer today.

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Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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