This home is an investor or rehabbers dream, properties in the area are selling for $42,500 and monthly rents are $900. Home does need repairs such as new windows, flooring, drywall replacement, cabinets, hot water tank, furnace, and some plumbing and electrical work. Contractors estimate of repairs $15K. ARV= $42,000 - $18,000 in repairs = $24,000 asking price $7,500 or best offer!!!!!!!!!!! Buyer still comes out on top!!!!Great CA$H FLOW property.
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