Wholesaling
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Flipping Burned Out SFR
Hello BP Family,
It's been a while since my last post(s). I have a question regarding ARV numbers on a burned out SFR in my hometown.
I checked comparables in the area within 1-3 miles of the subject property.
Realtor.com seemed to have the most suitable median after repair value price.
The SFR is about 1750 SQ FT 3/2 built in 1970's The parish accessors market value in the current burned out condition is $12,000.00 . The property has converted apartment in the rear.
ARV $149,500 ( excellent livable condition) - $40,000 Repairs= $ 64,000- $ 10,000.00 (my fee) - $10,930.00 (Buyers Profit)- $4372.00 (Holding Costs)= $38,348 MAO
Would this be a good MAO with these numbers hypothetically?
Thanks Fam....I need all the constructive criticism that I can get. Thanks again in advance.