St Spiceland, IN 47385
Asking Price
$150,000
Beds
2
Baths
1
Square Footage
1,040 sqft
Property Type
Single Family
Year Built
1956
Lot Size
0.27 sq ft
About This Property
3 Bed | 1 Bath | 1040 sqft | 1956 built | .60 acre lot
This great fix & flip opportunity located in Spiceland, IN is a spicy deal with large profit potential!!
Property Condition:
HVAC: central heat/air; system older (10–15+ yrs) but working; serviced annually
Roof: 15+ yrs old but no known issues
Foundation: No foundation issues reported and it apears to be in good condition and well maintained
Interior: Light cosmetic rehab needed (floors, paint, fixtures, nothing major)
Comps
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Comparable sales provided by our team. Verify values with your own due diligence.
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Estimated Net Profit
$35,700
ROI: 23.1%·Cash-on-Cash: 96.7%
Project Breakdown
- Sale Price (ARV)
- $210,000
- Purchase Price
- $150,000
- Rehab Budget
- $0
- Interest (12%, 4 mo)
- $4,800
- Points (2%)
- $2,400
- Closing Costs (3%)
- $4,500
- Selling Costs (6%)
- $12,600
- Total Cash Required
- $36,900
- Net Profit
- $35,700
Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.
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