$35,900
833 Xenia Avenue, Dayton, OH 45410
Current Rent **
N/A
Projected Rent **
$1,000
Estimated Rent †
Estimated Rent Confidence ‡
Low
Dayton Wholesale BRRR Opportunity
Contract Holder - Selling our equitable interest in 833 Xenia Avenue, Dayton, OH 45410. Buyer to pay all closing costs. Price includes back taxes currently owed of $~3,000. House was owner occupied until 2/1/2021. It is now vacant.
Estimated Rent Range: $850-$1,100 Depending on the rehab.
ARV ~90,000. 4 beds/2 baths. 2,777 Sq ft, Built in 1890
Repair Budget ~$20,000-$25,000 or less depending on taste.
Here is what we would do:
New Furnace + Water Heater: $5,500
New Bathroom Upstairs: $3,500-5,000
New Paint throughout : $3,000-4,000
New Flooring in common areas: $2,500
New Kitchen Cabinets: $2000
New Doors 10 @ $100: $1,000
Repair Patio Enclosed Room: $1,200
Siding repairs $1,000
Miscellaneous: $4,000
Solid BRRR Strategy
About this home:
This home is located in a C class neighborhood. It is a good cash flow area for us. Only reason we are wholesaling instead of keeping it because we are buying a 36 unit apartment complex and all proceeds will be used for that. You could make minimal repairs and rent for $850-$900. Still is more than the 1% rule. PM me for additional details. I also have a link below for more photos and videos. Cash/Hard Money/Private Money Only! Happy investing!
Out of State Investors, ask about our program where we can provide turnkey service for you to conduct the rehab!
Link for additional Photos/Videos:
https://www.dropbox.com/sh/oyrb56su8ih8oqa/AADrSpP7ht7QrSNOqgJyWlw5a?dl=0
Location:
833 Xenia Avenue, Dayton, OH 45410
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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