How much will this house appraise for?

[Patrick Cruse]

I just got an offer accepted on 2249 N Graham Ave. Indianapolis, IN 46218. 

My plan is to do the BRRRR strategy with it. One issue I didn't foresee was that it seems like a lot of banks have a minimum loan amount and this house falls dangerously close to that level.

I have found some banks that would be willing to do a cash-out refi at 75% LTV if and only if it appraises for $60,000 or more. This could throw a wrench into my strategy if I can't find a way to refinance the house once it is fixed up and rented.

Does anyone have any estimates they'd like to share about what they think the appraised value of this house would be after repairs? Are there changes I can make during rehab that give the house a better chance to appraise for a higher amount and over that seemingly magical $60,000 number?

Any help is appreciated and I am willing to provide any other information that would make your estimating easier. 

Thanks.