Welcome back Lexi and Matt! I hosted an open house in the same neighborhood this afternoon and I had 3 guest stop by who had been there already. That listing is the talk of the town!
Good luck, let me know if you come across any deals you want to wholesale-assign
@Costin I. I haven't analyzed it as a flip. But I spoke with SEVERAL people who had viewed it yesterday. It was, sadly, unsurprising that one listing at that price point drew that amount of traffic.
I sold one across the street, in Eggers Acres, a couple of months ago that had similar issues. From what I understand the buyers where buy and hold investors and didn't plan on doing much of a rehab beyond the foundation repair, around 20K. At 135K+20K+CC = 160K you could rent it for $1350/month-ish. So, it’s close to the 1% rule... It’s not a home run deal but it seems likea lot of cash heavy investors are willing to buy. On that note, it could make a decent house hack if they buyer puts in a large enough down payment.
200-210k ARV seems about right.