Wholesale Property Only 75K take a LQQK!! in Hagerstown, Maryland
Only Local Ads Near You! No auctions, No fees, No shipping - local pick up.
Date/Time:17 Apr, 06:44 p.m. EST
Type: Houses, For Sale - Private.
Easy Flip or Rent Ready!! Only $75,000!! Call or text 561-688-xxxx to take a look!
xxxx4 Lelter St. Hagerstown Md xxxx2
Bedrooms: 4
Bathrooms:2
Sq.Ft.: xxxx
Parking:Detatched Garage
Market Value: $170,000
Repairs Needed $35,000
Equity:$60,000
Property Description
Colonial style single family with 1 car garage on a nice lot. Quiet, Family Friendly Neighborhood
Work Needed:
Touch up paint for lead inspection and your ready to rent!
Minor updates needed to flip to a qualified buyer: (update Kitchen and bathrooms, windows, floors, paint) Property has a cistern, can be used as is for a rental but will be easier to get financing for a qualified buyer if a well is drilled (included in budget numbers)
Purchase/ Rehab Assumptions
After repair value (ARV) 170,000
Purchase Price 75,000 44%of ARV
Rehab Cost 35,000 21%of ARV
Holding and Closing 5,100 3%of ARV
Total Cost Basis 115,100. 68% of ARV = $60,000 equity!!