Off Market Flip or Buy & Hold

  • House
    1296 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $65,000
    Status : Sold
    Year Built : 2003
 Description


$65k + CC
ARV ~$115k
3bd/2ba 1296
Built 2003
Market rents $1300
Only needs cosmetic repairs
Need to close asap!

*Selling our equitable interest on this property*
 Rehab Work Needed
 General Amenities
 Distance
Image Gallery

 Summary

Overview
Off Market Flip or Buy & Hold Sold
$65,000
Property ID: OH190254945
Address: Login to View
City: Cincinnati
State/Province: OH
Zip Code: 45102
Country: USA


Rental Analysis

+ Purchase Price: $65,000
+ Purchase Closing Cost: $1,950
+ Rehab Cost: $5,000
Total Acquisition Cost: $71,950


Monthly Rent: $1,300
+ Annual Potential Rent: $15,600
- Vacancy (3%): $468
Annual Gross Income: $15,132
Annual Gross ROI: 21.03%


Flip Analysis

+ Purchase Price: $65,000
+ Purchase Closing Cost: $1,950
+ Rehab Cost: $10,000
Total Acquisition Cost: $76,950


+ Selling closing cost: $3,450
+ Agent Commision : $3,450
Total Holding Cost: $6,900


Total Flip Cost: $83,850
Projected ARV: $115,000
Net Income (Profit): $31,150
CAP Rate: 37.15%

 Message

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