🏠🔑 Flip/Brrrr Opportunity | 108k Equity Spread | Silvis IL 👁️➡️

Description

Address: 810 9th Ave Silvis, IL 61282

3-bedroom / 2-bathroom Property

Property is Occupied! Contact Dispo Manager for access. Property to be vacant at close.

Deal Takeaways:

Roof in good condition
Window units, no HVAC
Propety needs a good amount of work
But, low purchase price and high ARV
Almsot half an acre lot size
Financials:

ARV: $175,000

Purchase Price: $67,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $175,000

(*) 94% for sale commissions

(-) $67,000 purchase price

(-) $45,000 estimated rehab costs

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

(=) $47,500 profit

Estimated Rental Profit Details:

Estimated Rental Income: $1,250

(-) $246 monthly tax

(-) $110 monthly insurance

(-) $125 property management (estimated recommnedation)

(-) $125 recommended allocation for repairs, vacancy, etc (estimated recommnedation)

(=) $644 a month

Property Details:

1,152 Home Square Feet

1/2 Acre Lot Size

Built 1959