Property Description

 

With at least 80k in built in Equity on a deal under 100k, this one is like finding a unicorn.  You could do zero rehab to this house and the comps say you could sell it for $140k.

House has been well kept but needs some upgrades including the following:  Needs new AC, interior and exterior. Has a metal roof that is in good shape, but will need a pressure wash. Needs paint in and out. Kitchen and bathroom need updating, and you may wanna open up the kitchen a bit. House needs some flooring as well and you could change the layout a bit if you want. Lastly yard will need some landscaping to make it pop.

You have comps that are the same size going all the way up to $197k! House could certainly be worth more than our projected $175k, but based on the single bathroom we were very conservative with our ARV. Either way, you have several rehabbed comps nearby, and your price point here is insane.

Property is tenant occupied and they are paying $850/mo, with a lease until November.  We have already started the discussion of cash for keys and hope to have an agreement with them shortly.  Property is show by appointment only so please do not disturb tenant.

 

Photos and additional information - https://flipsandflows.com/properties/saint-cloud-flip-at-50c/