$580,000 After Repair Value -
$430,000 Asking Price -
$60,000 Cost of Repairs =
$90,000 Potential Profit

Property Details

Asking Price $430,000

After Repair Value $580,000

Costs of Repairs $60,000

Potential Profit $90,000

Living Area 2731 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 3

Half Bathrooms N/A

Parking 2

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $3,200

Yearly Expenses $0

Property Taxes $2,405

Net Operating Income $0

Cap Rate N/A

Property Description

This 4 Bedroom, 3.5 Bath, 2731 sq.ft . Property sits on an oversized lot within walking distance to skiable Lake Minnehaha!HUGE potential for investors whether you want to flip or rent!Asking: $430,000Estimated Rehab: $60,000ARV: $580,000!Potential $90,000 PROFIT!!!!!!!Average monthly rental potential is $3,200!This is the cheapest price per square foot of any single-family home within a ¾ mile radius of the property! And is the only home in Minnehaha Shores currently available for under 1.4 million dollars. Opportunities in this neighborhood are scarce! In fact, no home has sold in Minnehaha Shores in the last year for under $985k (albeit Lakefront). Property community has tennis courts, a park, and deeded access to Lake Minnehaha. With similar size homes selling in this area for close to $700k (and selling quickly), it doesn’t take long to recognize the deal being offered here. Take advantage of one of the best opportunities in this area in a long time! This home won't last long!

Repairs Needed

Interior/ Exterior paint, Update Kitchen, Finish Updating Bathrooms, Landscape Clean Up, Repaint Pool, Minor Cosmetic Touches


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