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Updated over 5 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Stephanie H.
  • Kennesaw, GA
1
Votes |
8
Posts

Too good to be true?

Stephanie H.
  • Kennesaw, GA
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Found a house in a great school district, beautiful neighborhood, great bones, in Kennesaw, GA. 

Almost the exact same house, just a few streets over, recently sold for $276k.

It has some drawbacks; evidence of rodent infestation, has been vacant for a few years, the place is trashed. 

But based on the numbers, I cannot understand why no one has picked it up. 

Any thoughts?

Most Popular Reply

User Stats

111
Posts
83
Votes
Justin Robert
  • Investor
  • Temple, TX
83
Votes |
111
Posts
Justin Robert
  • Investor
  • Temple, TX
Replied

@Stephanie H. $4,500 seems light for rehab. You really don't know what you are going to uncover on a house like that, right? I would think that number is low. One unexpected item could destroy that estimate. I know nothing about that market, so my opinion may be completely worthless; however this does not look to be a great deal. 

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