Rehab Estimate - good deal?
So looked at a short sale property today. I'm looking to buy and hold. This property is listed at $90k and median rents in area are $1350 and takes are ~$3700.
There are some issues with this house and am going to get estimates from a GC unless you guys think its a dud and not worth it. How much do you believe that a house like this would cost to rehab?
Issues Found:
- chimney detached from roof
- bow in roof (next to chimney)
- deck needs some new boards and refinishing
- slant in kitchen floor (REALLY concerning)
- DIY trim (put up own trim throughout entire house!)
- 2nd living room with no heat source besides gas powered fireplace (it looks like it was an addition, and yes it has two fireplaces) - no other heat source any fixes?
- electrical box is 2nd living room
- attic sealed off due to I believe animals living in it (due to crack between chimney and roof)
Cosmetic Upgrades:
- repaint int/ext
- replace trim (looks like a bad job, DIY style)
- shed removal
- carpet throughout
- new tile in kitchen and front walk way
- need to do something with that heat source in 2nd living room (don't like the fireplace much)
- deck restoration
- fix cracks in drywall
- tub liner
- replace countertops
- fix chimney /bowed roof
- window sill replacements
- fix slop of floor in kitchen (some how)
- closet doors and a lot of wood work needs to be fixed
Probably missing a bunch of stuff but the things that really concern me are the slant in the kitchen and the gap between chimney and roof.
Thanks for the help, let me know what you guys think.
Here are some pictures I took today: