This home is in need of a buyer who is used to buying and repairing homes. The home suffered fire damage on the roof and will need a complete rehab. This brick house sits on a large plot of land in one of the best blocks in Harvey. It was used as a section 8 rental property until the fire occurred. Flip: Price: $5000 Closing + holding costs= $1500 Estimated Repairs: 35,000 ARV: $59,000 Profit: $17,500 Fix and rent: Rent: $1000 monthly - 12,000 yearly Property taxes: $3800 NOI: $8200
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