$95,000 After Repair Value -
$59,000 Asking Price -
$0 Cost of Repairs =
$36,000 Potential Profit

Property Details

Asking Price $59,000

After Repair Value $95,000

Costs of Repairs $0

Potential Profit $36,000

Living Area 956 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

3 bed 1 bath ranch style home in Cleveland. Cash flow on day 1 with existing tenant in place paying $875 MTM. Some upgrades such as asphalt driveway and new vinyl windows have already been completed. When ready to do a little more updating, market rent should be just over $1,000/month. This is a great opportunity for a buy and hold investor to be all in for around 75k after rehab, with an ARV well above that and providing equity along with long-term cash flow. Inquire today to see this solid inflation hedge property at a price point where rising interest rates have much less overall impact.

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