$35,000 - HOT OFF-MARKET FLIPPER'S SPECIAL! - 40% ROI Potential

[Jason Richardson]

We have a great off market investment in one of the hottest markets of our area!

This is a 3 Bed, 1 Bath, house in a fantastic neighborhood! It is near schools, parks, and shopping centers, making it a very sought after location. Whether you are looking to flip and sell, or buy and hold, we believe this property is ideal for any investor.

With this property's great location, and amenities such as nice sized closets, first floor laundry and a garage, makes this house very appealing to both buyers and renters!

This won’t be available for long, so don’t miss out!

3 Bed / 1 Bath / 848 SqFt / 4686 SqFt Lot / Det Garage / Built 1875

717 Liberty Drive, Mishawaka, IN 46545

B Class Neighborhood

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Here are the numbers as a flip:

Our Price - $35,000

Est. Rehab Cost - $10,000

ALL-IN Cost - $45,000

Price Per SqFt - $53.07

List Price - $69,900

Sales Cost - 15%

Net Sale Price - $59,415

Net Profit - $14,415

ROI - 32%

Note: If you put $7K in rehab, your numbers change as follows:

ALL-IN Cost - $42,000

Net Profit - $17,415

ROI - 41.5%

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Here are the numbers, as a cash-flow property:

Our Price - $35,000

Monthly Income - $800

Yearly Income (Includes 1mo Vacancy) - $8,800

Yearly Taxes - $1919.54

Yearly Insurance - $600

Yearly Management/Maintenance Fees - $1,760

Yearly NOI - $4,520.46

Estimated Rehab Cost - $4,000

All-In Cost - $39,000

ROI/Cash On Cash - 11.6%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Email for more information.