Nice Off Market Flip!

  • House
    1744 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $36,900
    Status : Available
    Year Built : 1908
 Description
E Epworth Ave Cincinnati OH 45232

$36,900

3bd 2ba 1744 sqft
Block
City water/ Sewer
Buit 1908
Market rents: $1150
Rehab est $35K+/- for:
Roof and cosmetic upgrades like the kitchen and bath 

ARV: $130k +/-

This is a great flip opportunity located in the growing area of Spring Grove. It is near I-75, hospitals, ZOO, UC, XU, schools, parks and less than 10 mins to downtown! This house does need some TLC but it is priced to sell


Call/email if you're interested!
 Rehab Work Needed
 General Amenities
 Distance
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 Summary

Overview
Nice Off Market Flip! Flip/Rental
$36,900
Property ID: OH190854518
Address: Login to View
City: Akron
State/Province: OH
Zip Code: 45232
Country: USA


Rental Analysis

+ Purchase Price: $36,900
+ Purchase Closing Cost: $1,107
+ Rehab Cost: $25,000
Total Acquisition Cost: $63,007


Monthly Rent: $1,150
+ Annual Potential Rent: $13,800
- Vacancy (3%): $414
Annual Gross Income: $13,386
Annual Gross ROI: 21.25%


Flip Analysis

+ Purchase Price: $36,900
+ Purchase Closing Cost: $1,107
+ Rehab Cost: $40,000
Total Acquisition Cost: $78,007


+ Selling closing cost: $3,900
+ Agent Commision : $3,900
Total Holding Cost: $7,800


Total Flip Cost: $85,807
Projected ARV: $130,000
Net Income (Profit): $44,193
CAP Rate: 51.5%

 Message

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