For Sale on Land Contract, Griggs St., Detroit

3BR, 1Bath Single Family house rehab project in a good location – good block. Driveway, accessibility ramp, security front door and good roof.  Financial application required. Preference given to buyers with credit scores over 580. Must be able to prove income and employment. 

• Land Contract Terms (terms may vary depending upon demand, financial stability of buyer, credit score, etc):
  • Minimum DP: $1,999.00 (a higher down payment means a shorter contract)
  • MP 1 (First 2 years): $350 + $143/m property tax cost = $460/month
  • MP 2 (Remaining years): $499+ $143/m property taxes = $619/m
  • MP 3 (Remaining): $699 + $143 (Est) PT = $849/mo
  • Estimated contract length = 13 years
  • 1st month free 
  • As-Is sale
  * Buyer is responsible for paying the property taxes. The monthly payments mentioned above include an estimated amount for property tax based on the anticipated average over the next 13 years. If the true property tax increases beyond this estimate, the monthly price will be adjusted accordingly. A buyer who pays on time and doesn’t carry a balance can seek significant tax reduction programs If the property is used as their residence.