Fix & Flip: Can you say HUGE PAYDAY! This home sits on a quiet block in the desirable Avalon Park area. Home is in need of mostly cosmetic updates. Update your kitchen and bathrooms, replace fixtures and add your finishing touches to maximize profit. (See below for Fix & Flip Breakdown).
Fix & Flip Breakdown: Total Expenses (Fix/Flip)
Buy & Hold: Cash flow is the name of the game! There are no repairs needed to rent to a tenant of your choice. Unit is section 8 approved. This home will generate a hefty passive income to your bottom line, and you’ll be sitting on a boatload of equity. (See below for Buy & Hold Breakdown)
Buy & Hold Breakdown: Total Expenses (Hold)
The Numbers:
| ARV | $285,000 |
| Contract Price | $105,000 |
| Assignment Fee | $5,000 |
| Rehab Costs | $55,000 |
| Closing/Holding Costs | $20,000 |
| All In | $185,000 |
| Resale Price | $265,000 |
| Profit | $80,000 |
Comps: Comparable Sales
Please contact Dave Smith at (708) 929-1956 or reply to davesmith@theequitablesolution.com
with any questions or for inspection details.
Details of the house in description according to the homeowner and public information (please do your own due diligence).