Cleveland, OH 44111
Asking Price
$90,000
ARV Estimate
$165,000
Est. Spread
+$75,000
Beds
2
Baths
1
Square Footage
1,012 sqft
Property Type
Single Family
Year Built
1927
Lot Size
3,500 sq ft
About This Property
Fix & Flip or BRRRR Opportunity with large ROI potential in Cleveland, OH 44111
2 Bed | 1 Bath | 1,016 sqft | 1925 built
This fix & flip or BRRRR 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 $90,000
ARV: $165K
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
Comps
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Estimated Net Profit
$58,080
ROI: 62.7%·Cash-on-Cash: 262.3%
Project Breakdown
- Sale Price (ARV)
- $165,000
- Purchase Price
- $90,000
- Rehab Budget
- $0
- Interest (12%, 4 mo)
- $2,880
- Points (2%)
- $1,440
- Closing Costs (3%)
- $2,700
- Selling Costs (6%)
- $9,900
- Total Cash Required
- $22,140
- Net Profit
- $58,080
Estimates only. Verify prices, rents, and repair scope with your own due diligence before making an offer.
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