Updated almost 10 years ago on . Most recent reply
Worth $100,000, Must Sell $35,000; Can Rent for $1,400/mo
My real estate agent did a CMA on this and she said it's ARV (After Repair Value) is around $100,000 (ultra conservative).
This 5 bed/ 2.5 bath home is yours for only $35,000.
Repairs: $20,000.
The median rent for a 4 bed house in the neighourhood is $1400/month.
Property taxes: $5,125/year. You might be able to appeal and get the taxes lowered.
Anyway you look at it, the house is an awesome deal. You can fix-n-flip it and have $45,000 equity or fix-n-rent it and make awesome cashflow.
Here are the pictures:
http://3012eshcolavezion.blogspot.com/
If you're interested in the deal, give David, our SALES guy a call at 708-408-9006.
Offering