SFH Fix and Flip opportunity in Milwaukee, WI

5 Replies

This is a fix and flip opportunity for Milwaukee

a 4/2 SFR at 10441 W. VILLA AVE. Milwaukee, WI

Price: $51,500 (initial purchase and our management fee for the project)

Rehab: $42,000

Closing Costs: $2,000 

Carrying Costs: $2,000


Total all in for the investor: $96,500


ARV: $118,000


$118,000 Resale Price

$11,800 Selling Costs (Realtors/Buyers closing costs

$96,500 All In

$9,700 Net Profit Projected

Close date : 5/8/15

Videos:

outside http://youtu.be/ztxDVPCKkjQ
inside

http://youtu.be/H5lv6im1aBI

misc

http://youtu.be/irSYgW2X3xY

Trulia:

http://www.trulia.com/homes/Wisconsin/Milwaukee/sold/649226-10441-W-Villa-Ave-Milwaukee-WI-53224

Zillow:

http://www.zillow.com/homes/10441-w-villa-ave-milwaukee,-wi_rb/

Comps:

Click to view listing(s)
Originally posted by @Jai Reddy :

@Mark Shaffar

Carrying Costs: $2,000

What assumptions are being made as to how soon this property will sell from date of purchase?

 We say 6 months to be on the safe side but usually 3-4 months. Thanks for asking.

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