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Updated over 5 years ago,

Bill Haines's profile image
Bill Haines's profile image
Bill Haines
  • Real Estate Agent
  • from Cushing, OK
  • Member since Sep 24, 2016
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User Stats

12
Posts
1
Votes
Bill Haines's profile image
Bill Haines's profile image
Bill Haines
  • Real Estate Agent
  • from Cushing, OK
  • Member since Sep 24, 2016
Connect
Bill Haines
  • Real Estate Agent
  • Cushing, OK
1
Votes |
12
Posts
Rehabbing & House Flipping

No comps for 1920 craftsman

Bill Haines
  • Real Estate Agent
  • Cushing, OK
Posted

My wife and I are considering purchasing a 1920 craftsman style home that's 3500 ft.² for our family of five. However, in our small town of 8000 there are no comps. I don't forsee any significant appreciation in the next five years. My offer would be $80K. Rehab cost will be $125K. ARV I suspect would be $295k to $300k. If we only plan on living there for five years, is it worth pursuing? 

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