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Buying & Selling Real Estate

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Maxim Ouellet
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do you think this is a good deal?

Maxim Ouellet
Posted Jan 10 2020, 02:13

Beautiful semi-detached home

Features 3 bedrooms and 1 full bathroom. Needs complete renovation( entire gut) - great opportunity for investors or to create your dream home in a great location. Walking distance to Metro station, public transportation, and everyday amenities.

Asking price: $365,000
ARV: $599,000

After Repair Value (ARV):

599,000

City Evaluation

419,100

Cost of Property:

365,000

Estimated Repair Cost:

90,000 - 110,000

Cost contingency (8%):

7,200 - 8,800

Total Gross Profit Margin

$115,200 - $136,800

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