*Price Drop# This is a solid brick home with a basment, it has extensive fire damage and will need a full rehab, However the foundation and structure is undamaged, the basement was utilized as a 2nd living space. It also has a undamaged full deck. The neighborhood is quiet.
Profit Breakdown:
*Purchase Price: $25,000*
Estimated Repairs: $69,840 (based on 70% of total repair @ $25sqft-$30sqft)
2019 Taxes: $900.00
*Total Investment: $94,940.00
Neighborhood ARV: $125,000-$199,000
Realtor Fee: $9,600 (6% of sell price)
Potential Profit: ($45,460 / 36% Profit Potential)
CAF: $112,000 based on 70% Of Cash out Value
Mortgage: $800 /Month approx
Rent: $1600.00/mo
Taxes: $96.00/mo
Insurance: $92.00/mo (calculated using the Indiana Home Insurance average)
HOA: $0 /mo
Misc: $100.00
Cash Flow: $512.00/mo
pics: https://drive.google.com/drive/folders/12cdVRV3OhADaIOr6iM2G-ndu2aMfIEEX?usp=drive_link
DISCLAIMER
This information is deemed reliable but not guaranteed!
Thanks,
Y.E.P Realty LLC