Excellent Illinois SFR Flip/Rental 29.87% ROI AFTER holding costs

[Scott Steffek]

17603 Burnham Avenue – Lansing, Illinois 60438

Don't pass this one up. It will NOT last! 

This is an outstanding flip or a good rental.   Please contact me for the ROI worksheet.

Property Specs & Details:

All Brick 2 story - 3 bedrooms – We’re adding a master bedroom - 1 Bath - 2 car detached garage

*837 square feet – *House is listed as 837, but it is actually about 1200 square feet. The 1200 includes 2nd story.

Full Basement with nice storage cabinets -  Corner lot - Cape Cod - Taxes: $2076.00

Purchase Price: $68,000.00

Rehab Costs = $20,000.00

Total Price = $88,000.00

After Repair Value: $125,000.00

ROI% = 29.87%*

• The ROI percent INCLUDES your realtor costs to flip after rehab is completed and holding costs that include: insurance, electric, gas, water, closing costs and taxes. Closing costs based on closing with our title company.

Rehab Cost = $20,000.00

As always, our crew will rehab the home for you, if you need those services. We're ready to begin the rehab. You’re also welcome to bring in your own contractor.

Here’s what we’ll be adding when we rehab it: 

• All new carpeting throughout the home
• New appliances
• New kitchen cabinets
• New counter top
• New bathroom vanity and medicine cabinet
• New back door and screen door
• New bedroom doors
• New “upper end” light fixtures throughout the house
• Entire house will be painted
• Take down awnings
• New Landscaping in front of house.
• New high end kitchen faucet
• New back splash in kitchen
• New bathroom faucet and bathtub shower head and fixtures
• Other small “miscellaneous” items like: New electrical outlet plates, new smoke detectors and new light switches.

Pictures:  https://www.dropbox.com/sh/c32djmhk2tjdbhd/AAC-PvM...

Terms of sale:

The highest Cash Offer will take this deal. Please do your own due diligence before contacting us. Send in Proof of Funds along with your offer. Please, no lenders on this deal.

We have equitable interest in the property.

• The info listed above is to the best of our knowledge.
• Buyer pays 100% of closing costs which include: title company fees and your attorney fees
• Buyer will receive taxes prorated to 100 percent and free and clear title
• Please do all your inspections and due diligence up front before contacting
• The first investor with a signed contract and $1500.00 earnest money gets the deal
• This is an IRA Qualified investment

CONTACT DETAILS:

Scott Steffek

Invest in Rehabs, LLC.

Phone: 219-308-0162

Email: [email protected]