\"Cincinnati Real Estate Opportunity: Flip or Rent Strategy\"

Ehrman Ave, Cincinnati, OH 0

$135,000 After Repair Value -
$82,000 Asking Price -
$0 Cost of Repairs =
$53,000 Potential Profit

Property Details

Asking Price $82,000

After Repair Value $135,000

Costs of Repairs $0

Potential Profit $53,000

Living Area 1,338 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

Bedrooms and Bathrooms: With 2 bedrooms and 1 bathroom, this property is suitable for a small family, a couple, or even a single occupant.Purchase Price: At an acquisition cost of $82,000, the property appears to be competitively priced compared to the estimated ARV of $166,000.ARV and Comps: The estimated ARV of $166,000 suggests the potential for a significant increase in property value after renovations. Comps in the range of $80,000 to $155,000 provide context for market conditions and potential resale value.Renovation Costs: Estimated renovation costs of $40,000 to $50,000 are important to consider when evaluating the overall investment. Renovations can significantly impact the property\'s appeal and value.Location: Assess the property\'s location, including the neighborhood, proximity to amenities, schools, and the overall desirability of the area. Location can greatly influence the property\'s marketability.Investment Strategy: Determine your investment strategy, whether it\'s to renovate and flip for a quick profit or hold the property as a rental investment for long-term income. The estimated renovation costs will play a crucial role in this decision.Financing and Expenses: Consider financing options, including mortgage rates, closing costs, property taxes, insurance, and other expenses associated with the purchase and renovation.


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