All Forum Posts by: Tearanie Henderson

Off Market 🔥

12 Cove Ct. Savannah, Ga 31419

5 bed 2 Bath. 2293 sq ft 

Estimated repairs : $25k 

Take over @ 60k down 

Payments towards mortgage and hvac deducted from 300k payout at closing. 

Novation buyer : Secured at 450k 

  Purchase Price: $349,000

• ARV $450,000+ (Fully Renovated Comps Nearby)
• Estimated Rehab: $25,000 cosmetic only
• Potential Flip Profit: ~$40,000
• Year Built: 1991| ~2,293Sq Ft 
• Exit Strategy: Flip, Airbnb, or Refi & Rent

• All-In: ~$374K (including rehab)
• Holding + Selling Costs (8% est.): ~$36K
• Projected Net Profit: $40K+ if all cash
• Private / Hard Money Friendly
• 
  Hard Money Cap Rate: 15.36%
• Private Money Cap Rate: 18.61%
• Best case scenario is for a flip.