Handyman Special!! Wholesale Property Fixer Upper Need some work-Move in or Rent out. Cheap, 45% Market Value. Cash Buyers
This house should be worth $79,200 after fix up, after moderate rehab around $20,000 ( paint, flooring, fixtures, hardware, siding etc.) This house has good upside potential!
If you have access to cash and/or hard money loan etc 70% of LTV ($55,400) then you can cover both acquisition & rehab cost, then pocket $7960, after refinance 80% LTV and enjoy the cash flow!
IllustrationARV $7920080% LTV, $633607 % Interest for 30years PMT=$421.51Annual Tax $466.10, $39/monthlyInsurance $600/annual, $50/monthlyPITI=$510.00Rent $1,100 ( median is $1,300 in this area)Cash Flow $590 / month!!
Serious Inquiry Only Please.
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