This is the type of opportunity that offers investors a straightforward renovation with significant upside supported by strong comparable sales.
As a fix/flip, local comparable sales support an After Repair Value (ARV) of approximately $155,000. Based on our analysis, the property will require roughly $45,000 in renovations. We have detailed these repairs below in the "Repairs" Section.
At the current purchase price of $59,000, an investor would have approximately $104,000 invested in the project before financing, carrying costs, and selling expenses. That creates a substantial equity spread between the total project cost and the projected $155,000 ARV.
Quick Estimated Deal Math:
Purchase Price => $59,000
Estimated Rehabs => $45,000
All-In Price => $104,000
Market ARV => $155,000
Projected Gross Profit => $51,000
Whether you're an experienced flipper looking for your next project or an investor seeking a property with substantial value-add potential, the fundamentals make this opportunity stand out: a purchase price supported by local as-is sales, a clear renovation plan, strong renovated comparable values, and meaningful equity to be created through the rehab.
Important to Note: The figures above are based on our analysis of local comparable sales, renovation estimates, and market conditions. As always, buyers should perform their own due diligence to verify all estimates, projections, and assumptions before purchasing.
