Investor special: 3 bed, 1 bath, 2158 sq ft home on an attractive corner lot. BRRRR scenario: $135,000 (ARV) - $40,000 (Rehab) x .70% = $66,500 purchase price. Refinance = $135,000 (appraised value) x .70% (Loan To Value) = $94,500 back into your pocket. Equity gained: $40,500 (30% equity left in property.) Rent and cash flow roughly $300 plus per month with $40,500 equity left in property! OR renovate and flip for a quick 50k plus profit!! Furthest home to the left has been remodeled and all other homes on this street are in process of being remodeled, this street is on the up & up!*All information deemed to be accurate and up to the buyer to determine/verify.* Sold "as-is, where is."
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
