🔐 Available Property in Elyria, OH | BIG Spread | Recently Renovated ✨👀

Description

Address: 317 Abbe Rd N, Elyria, OH 44035

2-bedroom / 1-bathroom

Property is Occupied, avoid disturbing tenants! Contact the Dispo Manager for access. Property to be occupied at close.

60 day seller-lease back, 5k seller funds hold back.

Deal Takeaways:

New Roof
Property Recently renovated
Property in good condition
Financials:

ARV: $160,000

Purchase Price: $97,500

Estimated Profit Details (Flipper/MLS Sale):

ARV: $160,000

(*) 94% for sale commissions

(-) $97,500 purchase price

(-) $10,000 estimated rehab/make ready costs

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

(=) $37,900 profit

Estimated Rental Profit Details:

Estimated Rental Income: $1231

(-) $127 monthly tax

(-) $110 monthly insurance

(-) $95 property management (estimated recommnedation)

(-) $95 recommended allocation for repairs, vacancy, etc (estimated recommnedation)

(=) $804 a month

Property Details:

760 Home Square Feet

6,098 SQFT Lot Size

Closing on April 1st, 2024