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Updated almost 9 years ago,
SFR Rehab Estimates
Hey everyone, i recently came across a foreclosure that I feel has potential. As I'm new to REI, the thing I am most concerned about are the rehab estimates. I am familiar with the property, and know what it needs. Here are the main issues and some pictures of the property:
-Leak in bathroom ceiling, bathroom will most likely need remodel.
-Full carpet upstairs and downstairs.
-New roof.
-Exterior needs a new paint job.
-Interior paint all around.
The property is listed for $116,500. My analysis estimates ARV at $151,000. I feel I would need to get the property for $80,000 - $90,000 to make a good profit after repairs. With these numbers, and the rehab estimate, does anyone have advice on if this is something I should pursue? Thanks in advance! Pictures down below.
Kitchen:
Dining Room:
Living Room:
Bathroom:
Basement Rooms:
Exterior: