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 Great property for investors

  • House
    4380 acre
    bedroom 4 Bedrooms
    bathroom 4 Baths
  • Flip/Rental
    $300,000
    Status : Available
    Year Built : 1972
 Description
This home offers space with 4 bedrooms and 4 full bathrooms. Home has a pool, sauna and offers a 750 sf pool house with bathroom. Master Bedroom has a fireplace. Great location in Dothan, AL. 

Excellent home with lots of space on a 2.5 acre lot. The fireplace in the Grand room and the fireplace in the Master bedroom keep the house warm in the winter. Some up-grades have been done but more are needed to make it stylish. Will sell As-Is.

 Rehab Work Needed
  • Balcony
  • Bathroom
  • Kitchen
  • Pool
  • Yard
 General Amenities
  • In Ground Pool
Comparables (Comps.)

Comparable #1

111 Chapel Hill Rd, Dothan, AL, USA, 36305

Sold : $699,000

 Summary

Overview
Great property for investors Flip/Rental
$300,000
Property ID: AL200215372
Address: Login to View
City: Dothan
State/Province: AL
Zip Code: 36305
Country: USA


Rental Analysis

+ Purchase Price: $300,000
+ Purchase Closing Cost: $9,000
+ Rehab Cost: $15,000
Total Acquisition Cost: $324,000


Monthly Rent: $1,300
+ Annual Potential Rent: $15,600
- Vacancy (3%): $468
Annual Gross Income: $15,132
Annual Gross ROI: 4.67%


Flip Analysis

+ Purchase Price: $300,000
+ Purchase Closing Cost: $9,000
+ Rehab Cost: $30,000
Total Acquisition Cost: $339,000


+ Selling closing cost: $16,350
+ Agent Commision : $10,000
Total Holding Cost: $26,350


Total Flip Cost: $365,350
Projected ARV: $545,000
Net Income (Profit): $179,650
CAP Rate: 49.17%

 Message

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