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Updated about 6 years ago,
***OFF MARKET FLIP OR HOLD UNDER 100K***
Nice little OFF MARKET flip or solid rental! House sits as a 3/1/1 at 864 sqft. I think the best play would be to enclose garage for more sqft. The 2nd bath does not seem to be necessary based on comps, but it could bring more value and marketable appeal. House is in pretty good shape, just need garage enclosure, cosmetics updates, a little foundation work, and possible roof replacement. I think if you kept the garage and remodeled you can get $950-$1000/month. If enclosed, $1150+/month. If you were to remodel and keep the garage, I believe the ARV is 115k-120k. So if you wanted to do less in rehab and flip it like that, it is doable.
Price Opinion: Contact me!!
**Price: $72,000
Est. Rehab: $35,000
**Price includes all standard closing cost. (Excluding lender fess, HOA fees, prorated taxes, insurance, and any other buyer elective expense)
John Preston
M: (903) 576-6360 O: (214) 997-0444