18 photos
$49,900
20255 Santa Rosa Dr
Detroit, MI 48221
Derek C Lievens, Market Elite Inc · (586) 251-0291
What the listing says
Unlock the potential of this promising investment opportunity! Whether you re an investor seeking your next project or a homeowner looking to create a space of your own, this property offers plenty of possibilities for renovation and added value. Ideally situated near major highways, schools, parks, and shopping, it combines convenience with opportunity. Bring your vision and explore the possibilities. Schedule your private showing today! Purchaser to pay 395 processing fee. As-is sale. SELLER FINANCING / LAND CONTRACT TERMS AVAILABLE AT 60,000 PURCHASE PRICE, 15,000 DOWN PAYMENT, 8% INTEREST, 72-MONTH TERM. 789 / MONTH. seller financing/land contract terms are negotiable.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Single Family
HOA
None
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Questions about owner financing in Detroit
What is owner financing for 20255 Santa Rosa Dr?
Owner financing means the seller of 20255 Santa Rosa Dr acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Detroit, MI home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Detroit home?
There is no standard down payment. The seller of this Detroit home sets their own, and it is negotiable. Ask the seller or their agent.