The worst you could do is make 30k
1419 N. Bond st. 21213
3bd 1bth 700sqft Only $35k
Great vision is what separates mediocre investors from extraordinary ones. You have to be able visualize what others can't see or don't see. That is what makes he difference. This is a forth coming area with great potential those who can envision the potential get whats essential.
ARV $173k (Comps support)
sale price $35k o.b.o
closing cost $2.5k
rehab cost $50k (Estimated based on condition and sqft)
Holding cost $5k hidden expenses
resale comm $9.5k @$165k
=$106,500 Acquisition and Rehab
Projected net profit $63k everything considered
3 months based on DOM for this area
Properties on the same Block with identical square footage
1415 N Bond st. sold $173k
1417 N. Bond st. sold $163k
1427 N. Bond st. sold $184k
There has been a minimum of 10 Rehabbed Properties on this block since 2012 and counting. Get in where you fit in! or live with YOUR OWN regrets!
Comps
(next door) 1417 Bond St. sold for $173k
1436 N. Bond St. Sold for $241k
1410 N . Bond St. Sold for $249k
Offering