South Whitley, IN 46787
Asking Price
$205,000
Beds
5
Baths
1.5
Square Footage
2,604 sqft
Property Type
Single Family
Year Built
1887
Lot Size
5.71 sq ft
About This Property
Fix & Flip Opportunity with large ROI potential in South Whitley, IN 46787
3 Bed | 2 Bath | 2,604 sqft | 1887 built | 5.71 acre lot
This fix & flip opportunity located in South Whitley, IN is a promising deal with large profit potential. The property is located on nearly 6 acres and has great potential with the land it's on.
Asking Price: Starting $205,000
ARV: $295K
Property Condition:
Roof: Replaced in the last 10 years
Hot water line broke under concrete
Exterior pipe broke outside due to tree root
Basement has water intrusion/flooding; cause unknown
Sump pump present in basement
Electric heat only
Cabinets in fair shape; floors may need work
Siding partially done, unfinished
One kitchen removed; there is a lower kitchen
**Photos coming soon
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Estimated Net Profit
$48,790
ROI: 23.1%·Cash-on-Cash: 96.7%
Project Breakdown
- Sale Price (ARV)
- $287,000
- Purchase Price
- $205,000
- Rehab Budget
- $0
- Interest (12%, 4 mo)
- $6,560
- Points (2%)
- $3,280
- Closing Costs (3%)
- $6,150
- Selling Costs (6%)
- $17,220
- Total Cash Required
- $50,430
- Net Profit
- $48,790
Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.
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