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Real Estate Deal Analysis & Advice

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Terri Lewis
  • Flipper/Rehabber
  • Elkhart, IN
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197
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What are your thoughts on the way I laid everything out for the marketing of this property?

Terri Lewis
  • Flipper/Rehabber
  • Elkhart, IN
Posted Sep 28 2014, 20:07

https://sites.google.com/site/1729windianaaveelkhartin/

The property is worth around $50k-$55k $1,500 of repairs. 

Rento meter has it at $700.00, 

In the spring when this whole deal came around it was valued at $85k with a rehab of $12k. 2 other proerties with in 2 blocks were listed at $90k and $95k.  One was supposedly sold at $90k. I checked the county records and it showed a $0 for the transaction, but there was a transaction. 

One recent at $90k but has true river views. That sale is pending.

These are all in nice neighborhoods, same or similar to the subject property.

Some of the recent sold comps are in closer to the heart of the city 4 to 5 blocks away, Those are either closer, or in the war zones. $15k to $45k.

So if I run the marketing with the web site, is it open enough for both investors and owner occupant? 

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