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$180,000 / 3br - Rehabbed Property 68,500 In Arv

$180,000 / 3br - Rehabbed Property 68,500 In Arv
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Posted By:
Pentalx Investments LLC
Posting ID:
Deanwood, Ne Washington, Dc
 investment   property   junker   equity   arv   ltv   single   family   home   deals   deal 
Listing Type:Single Family For Sale
Lot Size:5496
Year Built:1948
5206 Clay Street, Ne
Washington, DC 20019

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Property Information:

About Property
This stunning beauty in up and coming Deanwood boasts 3 bedrooms and 1.5 baths. It has been rehabbed with new plumbing, electric, roof, front porch, deck and built in barbecue pit. Carpeting throughout with ceramic tiled baths and kitchen with beautiful cherry wood cabinets with stainless steel appliances.

About Repairs
Front and back yards need to be landscaped, basement needs to be painted, some baseboards need to be added and radiator needs to be replaced.

1 year of ADT alarm service provided. This property sits on a double lot (5,496 sq. ft.).

Property Location
Market: Washington DC
Street Address: 5206 Clay St, NE map
City: Washington
State: Washington, DC
Zip Code: 20019
Part Of Town: Deanwood

The Numbers
Est. After Repair Value (ARV): $250,000
minus Seller's Asking Price: $169,000
minus Estimated Cost of Repairs: $3,500
minus Assignment Fee: $8,000
Total cost to Investor: $180,500
equals Profit Potential of: $69,500

Area Comps
4604 Kane Pl., NE Wash, DC 20019 - $264,000;
1003 50th St., NE Wash, DC 20019 - $ $220,000;
5207 Jay St., NE Wash, DC 20019 - $ 258,000.

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