8818 Outer Dr W

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🔥 Detroit Value-Add Deal | 4 Bed + Large SqFt 🔥

Address: 8818 Outer Dr W, Detroit, MI 48219
Price: $159,900
ARV: ~$275,000

Property Overview

Spacious 4-bed, 3-bath home offering 2,215 sq ft—a strong value-add opportunity in a solid Detroit submarket. With a large footprint and desirable layout, this property is ideal for investors targeting a flip or rental hold.

Key Features

• 4 Beds / 3 Baths
• 2,215 Sq Ft
• 0.12 Acre Lot
• Built in 1937
• Price per Sq Ft: $124

Location Highlights

• Walking distance to Ralph W Emerson Elementary-Middle School
• Near Hackett Playground
• Located in a rental-friendly area

Condition & Opportunity

• Value-add opportunity with renovation upside
• Large square footage = higher resale ceiling
• Ideal for cosmetic to moderate rehab

Investment Highlights

• ~$115K+ spread to ARV
• Strong comps supporting value
• Ideal for fix & flip or buy-and-hold
• High rental demand for larger homes

Comparable Sales

• 16555 Edinborough Rd – Sold $260K (2,112 sq ft, 3/2)
• 16585 Sunderland Rd – Sold $274K (2,329 sq ft, 3/2)

Deal Potential

• Flip into the ~$260K–$280K range depending on finishes
• Rental with strong cash flow potential
• Opportunity to force appreciation through updates

Terms

• EMD: $5,000

⚡ Large Detroit homes with this kind of spread and layout don’t last — move quickly
 

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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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