Overview
- Single Family Home
- 2 (3)
- 1
- 841
- Moderate
- Estimated Rehab Cost
- $225,000+
- Estimated ARV
Description
If you are struggling to find a deal under 150k, then you are about to be elated. This house is a 2/1, but has a 3rd room, that needs a closet to be considered a bedroom. You have a lot of work that has been done already, but you also have some more to go, to get it in retail condition. The good news, is that it is a small house, so you should be able to keep your costs reasonable.
Roof is 1-2 yr old. AC unit is 7/8 years old. For a flip, you need to update the kitchen/bath, new floors throughout, siding needs to be redone completely, paint, probably plumbing and electrical work – although they don’t have any issues with either currently. The seller let us know that they had a termite infestation a few months back, and never tented it, so this will definitely need to be done.
For comps, you have 3 – 1 bathroom sales that are similar in size. They are all in pretty good shape. We feel 225k is a very fair arv.
Details
- Price: $139,900
- Property Size (Sq. ft.): 841
- Land Area (Acres): 0.22
- Year Built: 1950
- Property Type: Single Family Home
- Property Status: Cash Flow, Flip
- Vacant or Occupied: Occupied
- County: Polk
- Estimated ARV: $225,000+
- Estimated Rehab Cost: Moderate
- Estimated Monthly Rent: $1,400+-
- Yearly Taxes: $743
- Construction Type: Frame
- Pool: None
Video
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