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Updated over 5 years ago,

User Stats

4
Posts
4
Votes
Mike Resnick
4
Votes |
4
Posts

How to measure AVR on a unique property with not good comps?

Mike Resnick
Posted

Hi guys

my first post. Also my first potential deal and I like to help these people out. But the math does not add up but looks like it be a great long term hold in upcoming area. Farmers branch, Texas

The property sits on a creek and park

Pool and Jacuzz

New windows

10 year old roof

1 ac 2 years old

My guess on avr

495 -480k

What customer needs

410k

Repairs

Guess of 55k

Floors

Tile in kitchen

Wood floor

Popcorn on ceiling

Wood paneling

Bathroom remodel

It’s about to be foreclosed by the reverse mortgage.

Any ideas of creative solution or is a simple move on?

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