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Updated over 7 years ago,
How did I do assessing this deal?
Ok, I want you guys to review my quick assessment of this property. I am sort of practicing finding deals haha. Basically, assess my assessment. Ok here's what I came up with.
Listed: 59,000
Comps: 75-120k
Proj ARV: 105,000
Proj rehab: 20,000
Max offer: 53,500
Total invested: 73,500
Proj profit: 31,500
https://www.redfin.com/IL/Dixon/701-Institute-Blvd-61021/home/63165982
How far off was I? Do you see more or less in the rehab? What's the worst case scenario? Thanks!