Fix n flip opportunity in Milwaukee 3/3

[Mark Shaffar]

7903 N 55th Street Milwaukee

3BR/3BA 1716 sqft

Built 1957 attached garage - frame

http://www.zillow.com/homedetails/7903-N-55th-St-Milwaukee-WI-53223/40390162_zpid/

Price: $69,000

Rehab: $45,000

Closing costs: $2000

Carrying costs: $1000

Total: $117,000 (Investor's All in)

ARV: $150,000 (estimated sale price)

$150,000 - $117,000 - $15,000 = $18,000 projected net (15.4% ROI)

Comps:

7828 N Fairway Place, sold 2/14 $140,000 ($100.57/sqft)

495 feet away, 3BR/2.5BA 1392 sqft

1957 attached garage, frame with brick bottom

7750 N 51st Street, Brown Deer, sold 4/14 $142,000 ($102.75/sqft)

.4 miles, 3BR/2BA 1382 sqft

1957 attached garage, frame

8139 N 51st Street sold 6/14 $155,000. ($87.03/sqft)

.5 miles, 4BR/2BA 1781 sqft

1957 attached garage, frame with brick bottom

8137 N 44th Street, sold 5/14 $153,800 ($85.92/sqft)

.9 miles, 4BR/2BA 1790 sqft

1936 detached garage, frame

5427 W Nokomis Rd, sold 3/14 $135,100 ($87.27/sqft)

.7 miles, 4BR/1BA, 1548 sqft

detached garage, frame

7710 N Edgeworth, sold 8/18 129,500 ($105.03/sqft)

.3 miles, 3BR/2BA 1233 sqft

1957, attached garage, frame with stone bottom

--Average price per sqft is 94.76 x 1716sqft = ARV $162,608

--Using the three best comps (7828 N Fairway Place, 7750 N 51st Street, 8139 N51st Street) price per sqft = 96.78 ARV $166,000

photos https://www.dropbox.com/sh/djhla6z82lwcsv5/AABYlOkfDL5PpkW32jWrCrT4a?dl=0

I'll be camping this weekend and these go fast so if you are interested in this you might want to just call or text me at 608-472-3200

Mark