Fix & Flip Investor:
This 3 bed Chatham home is investor ready and priced to move. Home is in need of some cosmetic updates and upgrades; add your creative touch to maximize return on investment. All mechanicals are functional, home has a solid foundation, and the roof in good condition. Home is near restaurants, shopping, schools, and conveniently located a few blocks from the Dan Ryan Expressway. Fix & Flip this for a hefty payday!
Fix & Flip: Total Expenses/Profit (Fix/Flip)
Buy & Hold Investor:
If you seek passive income, no need for a major overhaul…Home is rent-ready! Place a tenant and begin to watch the cash flow. Rental rates $1350-$1600/mo. Cash Flow Of Over $500/Mo.
Buy & Hold: Total Expenses/Cash Flow (Hold)
The Numbers:
| ARV | $300,000 |
| Comparable Sales: | Recent Sales |
| Contract Price | $110,000 |
| Assignment Fee | $5,000 |
| Rehab Costs | $50,000 |
| Closing/Holding Costs | $20,000 |
| All In | $185,000 |
| Resale Price | $280,000 |
| Profit | $95,000 |
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).