3/1 SFR in Southside Virginia

[Ben Sears]

We just closed on this 3/1 in Farmville, Virginia. We actually got it as a package deal with another property that will more than likely be a tear down. Plans are to complete an extensive remodel and rent the property out later in the summer. We did get the property cleaned up a little bit so we could at least walk around in the yard.

Purchase price: $20k
Remodel Estimate: $45k
ARV: $90k
Estimated Rent: $850/month