3bd Or 1ba SFH With a ton of Potential!

  • House
    1185 ft2
    bedroom 3 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $55,000
    Status : Available
    Year Built : 1965
 Description
Winchester St New Carlisle OH 45344

$55k

ARV $112k
3bd/1ba 1185 sqft
Frame Exterior
Built in 1965
City water/sewer
Market Rent $900

Needs full rehab, estimating $35k+/- for
-Electric
-HVAC
-Flooring
-Take out wall paneling and paint walls
-Kitchen and bathroom updating
-Wallpaper removal and fresh paint needed
-Remove popcorn ceiling
-Exterior pressure wash and paint
-Landscaping

Contact for more info!
 Rehab Work Needed
 General Amenities
 Distance

 Summary

Overview
3bd Or 1ba SFH With a ton of Potential! Flip/Rental
$55,000
Property ID: OH191053153
Address: Login to View
City: New Carlisle
State/Province: OH
Zip Code: 45344
Country: USA


Rental Analysis

+ Purchase Price: $55,000
+ Purchase Closing Cost: $1,650
+ Rehab Cost: $30,000
Total Acquisition Cost: $86,650


Monthly Rent: $900
+ Annual Potential Rent: $10,800
- Vacancy (3%): $324
Annual Gross Income: $10,476
Annual Gross ROI: 12.09%


Flip Analysis

+ Purchase Price: $55,000
+ Purchase Closing Cost: $1,650
+ Rehab Cost: $40,000
Total Acquisition Cost: $96,650


+ Selling closing cost: $3,360
+ Agent Commision : $3,360
Total Holding Cost: $6,720


Total Flip Cost: $103,370
Projected ARV: $112,000
Net Income (Profit): $8,630
CAP Rate: 8.35%

 Message

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