Wholesale Fix And Flip

Huge Opportunity for over $100k net flip

35484 Harvest Moon St, Lucerne Valley, CA 92356

$435,000 After Repair Value -
$235,000 Asking Price -
$65,000 Cost of Repairs =
$135,000 Potential Profit

Property Details

Asking Price $235,000

After Repair Value $435,000

Costs of Repairs $65,000

Potential Profit $135,000

Living Area 2212 ft2

Property Type Unknown

Bedrooms 3

Bathrooms 2

Half Bathrooms 1

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $33,000

Yearly Expenses $3,600

Property Taxes $2,850

Net Operating Income $26,550

Cap Rate 8.85%

Property Description

This property is located in the Lucerne Valley. Great opportunity for a flip. Current valuation of the property ARV is $435,000. Rehab costs estimated at $30 s.f. There is plenty of fat in that number that could be trimmed to enhance the valuation of the deal.

Repairs Needed

Home is needed of several interior doors, flooring, paint, and other cosmetic repairs.

CONTACT LISTING OWNER

Brian MacPherson

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