From an original price of $5,000, a Detroit homeowner has dropped the selling price of his three bedroom, two-story brick colonial on Detroit’s east side to that of a new iPhone 6, and is willing to trade as a condition of the sale. The owner who proposed the trade is residing in Austria, and has never lived in the house.

Real estate agent Larry Else said the home owner’s decision came as the tax auction season nears, where thousands of houses to be foreclosed will “flood the market.”

Else said the owner, who refused to be named, had been ripped-off when he bought the house. The house was bought by the owner for $41,000, with the promise that he will quickly make a return on investment by renting out the property.

Unbeknownst to the owner, the person he bought it from purchased the house a week previously for $10,000. The house is currently in foreclosure due to back taxes which exceed $6000.

The listing for sale says that the house is a three bedroom “investor special” and has a basement, one-and-a-half baths, and a two-car garage. The house is 2,400 sq. ft., and located at 11954 Laing in the neighborhood beside Morang Avenue and Kelly road. However, it has a missing door and broken windows.

Else said the house “doesn’t amount to much”, although he had not personally been inside the house because of a company policy preventing brokers to enter unsecured houses alone. According to Else, the neighborhood was “a little dicey.”

The owner said he will accept an iPhone 6 in exchange for the house, but will also be willing to take a 32GB iPad.