This is the type of opportunity that gives investors two viable exit strategies, fix-and-flip or buy-and-hold, with attractive numbers on either side.
As a fix-and-flip, local comparable sales support an After Repair Value (ARV) of approximately $170,000. Based on our analysis, the property will require roughly $25,000 in renovations to bring it to market-ready condition. We have outlined the anticipated scope of work in the Repairs section below.
At the current purchase price of $120,000, an investor would have approximately $145,000 invested in the property before financing, carrying costs, and selling expenses. That creates a $25,000 spread between the estimated project cost and projected ARV, providing a slight upside for an investor who can execute the renovation efficiently.
For investors looking to buy and hold, the property presents another compelling opportunity. Rental comparables in the surrounding area support approximately $1,300/month in market rent. Based on estimated monthly expenses, the property is projected to produce approximately $1,015 per month, or $12,180 annually, before financing and other expenses.
This gives investors flexibility: renovate and resell to capture the equity spread, or stabilize the property as a rental and take advantage of its income-producing potential.
Whether you're an experienced flipper looking for your next project or an investor seeking a value-add opportunity with a manageable renovation, this property checks the right boxes: a low acquisition cost, a clear renovation plan, renovated comparable sales supporting the projected value, and the opportunity to create meaningful equity through the rehab with strong and consistent rents.
Important to Note: The figures above are based on our analysis of local comparable sales, renovation estimates, and current market conditions. As always, buyers should perform their own due diligence to verify all estimates, projections, and assumptions before purchasing.
