Fix & Flip: This 4 bed/ 3 bath corner lot brick home is ready for the the investor looking to make a huge payday. Home is in need of some TLC and updating. Update your kitchen and bathrooms, replace fixtures and add your finishing touches to maximize profit. (See below for Fix & Flip Breakdown).
Buy & Hold: If you are looking for an income producing property, start Cash Flowing from Day 1! This home will generate passive income and you’ll be sitting on tons of equity. Current Rental Rates $1350-$1600/mo. (See below for Buy & Hold Breakdown)
The Numbers:
| ARV | $295,000 |
| Contract Price | $140,000 |
| Assignment Fee | $6,000 |
| Rehab Costs | $60,000 |
| Closing/Holding Costs | $18,000 |
| All In | $224,000 |
| Resale Price | $280,000 |
| Profit | $56,000 |
(See below for a detailed breakdown of Fix & Flip and Buy and Hold Expenses and Payouts)
| Fix & Flip: | Total Expenses/Profit (Fix/Flip) |
| Buy & Hold: | Total Expenses/Cash Flow (Fix/Flip) |
Comparable Sales:
| Comps: | Recent 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).