Bed: 2 Bath: 1 SqFt: 714
Repairs: $20k Rent: $950/mo
Currently, there is nothing active, pending or sold within a half mile of this property, within the last year under 125k. The cheapest pending is 187k and cheapest active is 155k. The house is a small 2/1 and won’t take a whole lot to get fixed up. The house will definitely need a roof and kitchen. Bath needs a little bit of work, flooring is tile throughout, and you will need to paint outside. You should be able to get all of this done for under 20k based on the size of the home. The house sits on a nice sized corner lot, so that should be a helpful selling or renting point. It’s hard to tell what the ARV is on the backend because of the size of the home, but I am pretty sure you can easily break any pp/sf record that currently sits.
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