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Updated about 8 years ago,

User Stats

25
Posts
3
Votes
Evan Miller
  • Jonesboro, GA
3
Votes |
25
Posts

Property Analysis or a fire damage property

Evan Miller
  • Jonesboro, GA
Posted


Year Built1963
Sq. Feet2,150
Bed4
Bath2
ARV$119,000
Total Repair45,000
Purchase Price$29,000
Holding Cost/Montly (3mths)$1,507.50
Buying Cost$1,644
Selling Cost$5,263
Financing Cost$0
Estimated Net Profit$35,078
ROI41.80%
** My question is the cost to Repair. This property has significant fire damage. Even though there is fire damage does this mean the entire house has to be demolished. If we do have to do a complete tear down what can I expect my repair cost total and will this make the deal not worth doing

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