🏠🔑 Cosmetic Flip Duplex | 96k Equity Spread | Saint Louis, MO 👁️➡️

Description

Address: 4034 Maffitt Ave Saint Louis, MO 63113

4-bedroom / 2-bathroom Duplex

Deal Takeaways:

Roof new last year
Window units, no HVAC
New windows
One unit has a newer kitchen
Cosmetic rehab needed
Detached 2 car garage in the back
Comps:
3949 Labadie Ave Saint Louis 63107 – sold for $160k

3966 Greer Ave Saint Louis 63107 – sold for $160k

3936 Lexington Ave Saint Louis 63107 – sold for $167k

Financials:

ARV: $160,000

Purchase Price: $64,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $160,000

(*) 94% for sale commissions

(-) $64,000 purchase price

(-) $30,000 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $51,400 profit

Estimated Rental Profit Details:

Estimated Rental Income: $2,200

(-) $22 monthly tax

(-) $110 monthly insurance

(-) $220 property management (estimated recommnedation)

(-) $220 recommended allocation for repairs, vacancy, etc (estimated recommnedation)

(=) $1,628 a month

Property Details:

2,346 Home Square Feet

2,734 SQFT Lot Size