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Updated almost 6 years ago on . Most recent reply
![Adam Scheetz's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1226407/1621510412-avatar-adams417.jpg?twic=v1/output=image/crop=461x461@0x32/cover=128x128&v=2)
[Calc Review] This Deal looks SOLID, but you decide!
*This link comes directly from our calculators, based on information input by the member who posted.
Quick Synopsis in addition to the linked report.
- SFH. 3/2. 1388 sq.ft. Great community. Good clean neighborhood. REO.
- Asking $89,000
- Rent $1600-1700
- ARV: $195,000- $210,000 Conservative Estimate.
- Estimated Rehab: $50,000
- Taxes: $5150
- Insurance: Conservatively-$125/mth
- Built in 1995 so E&P are solid.
- Needs rehab, not a full gut, but moderate rehab to Drywall, floors, kitchen and possibly bathrooms also.
- Nice neighborhood plot, middle income area, well kept homes
I'm looking at a renovation loan through an experienced and trusted lender who is very familiar with 203k/FNMA Home Style Renovation/Etc loans.
This area is expected to appreciate someone in the ball park of 4-7% this year with the influx of some new job growth drivers and attractions that are bringing people in.
Please let me know what you think.
Most Popular Reply
![Adam Scheetz's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1226407/1621510412-avatar-adams417.jpg?twic=v1/output=image/crop=461x461@0x32/cover=128x128&v=2)
@Tchaka Owen that's what I was thinking. I liking having multiple exit options. Shoot for a B&H, especially if I can get the numbers to go down through good fortune and skillful planning. Even a low ARV would still leave enough equity to make a flip a solid option. Might consider partnering if I flip for the added benefit of smaller exposure and increased networking. Options are always good. Thanks Tchaka for the feedback.