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Updated over 5 years ago on . Most recent reply

User Stats

52
Posts
7
Votes
Kyle Swarts
  • St. Louis, MO
7
Votes |
52
Posts

Rehab cost analysis

Kyle Swarts
  • St. Louis, MO
Posted

https://www.redfin.com/MO/Troy/100-Ellis-Ave-63379/home/78203522?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link

I looked at comparable homes sold within 6 months in this same area and there was 1 for 125k that was just an Insane deal in my opinion. Next cheapest is 137, 144, and up. All with 3/1 basement. Is it safe to base an ARV off these properties? This in my neighborhood and this house is in a great location for commuting in town or access to the highway as well.

I'm also wondering on what you guys think this thing would need in repair costs. Just a general estimate obviously. I plan on calling the realtor and talking as soon as I get off work and then getting in touch with a contractor I know through a friend.

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