ARV: $160,000 – $165,000
Rents: $1500
Repairs: $9k (rental/wrap); $12-14k (flip)
Here’s The Easy Math With Conservative Numbers
Cash Flow: $623 (Rental) x 12 = $7476
Cost: $22.5k Down Payment + $13k Repairs = $35.5k
ROI: 21% ($7,476/$35,500)
ROI will be even higher for FLIP or Owner Finance!!
Area Remarks: Fantastic brick exterior house in a neighborhood with low days on market. This house will move fast.
Repairs: Cosmetic repairs (light sheetrock, interior paint, kitchen backsplash, flooring, fixtures, cleaning, and shower tub).
For more pictures, CLICK HERE