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Normal Work Needed 33K Profit 16% Equity ID774 North Lauderdale, FL

Property Detail

Type Single Family House Status Available Location Florida Sub Location North Lauderdale Price $241,395 Area (sqft)1,539Bedrooms4Bathrooms2Lot Area5,989Year Built1973FlooringWood, Porcelain, Marble

Property Description

Wholesale Deal, Fix & Flip

Description: 4 bed, 2 bath, Concrete Block, 1539 sq. ft. 5989 sq. ft. lot. Built-in 1973. Ceramic tiles. Wood floors in bedrooms. Porcelain and marble in the bathroom. Central AC. Alarm system. Large lot. Fenced in yard. Call to see.

About Repairs: Needs some work.

How Seller Determined ARV: Based on comps that we have run on properties in the surrounding area that have a similar size, age, or layout. Please contact in to request for more information. But as always, please do your own due diligence and verify all information for accuracy.

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Short term rental numbers

Est. Monthly Rental Income$2,890Zestimate
Est. Rental Income (over 5 yrs)$173,400Zestimate
minus Seller’s Asking Price$241,395Zestimate
minus Est. Cost of Repairs$15,000Zestimate
minus Est. Cost of Furnishings$12,070Zestimate
equals 5 year Equity/Profits of$493,130Zestimate

Fix & Flip numbers

Est. After Repair Value (ARV)$289,000Zestimate
minus Seller’s Asking Price$241,395Zestimate
minus Est. Cost of Repairs$15,000Zestimate
equals Profit Potential of$32,605Zestimate
Need funding: Get Pre-Qualified
View Other Funding Options

This information is provided by the seller. All numbers, including Estimated After Repair Value (ARV) and Estimated Cost of Repairs are estimates. Please do your own due diligence.

Property Features

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Get Funding

 

Ready to get funding for your deal? Get lenders competing to finance your deal and get the best rate available anywhere.

Answer a few quick questions and get contacted by lenders who are ready and willing to fund your deal fast. To get started, select your investment strategy below:

 

What’s your investment strategy?

Buy & Hold Fix & Flip A little bit of both
Funding options

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Hard Money

Borrow from a Hard Money lender. These loans are easier to quality for, have low rates and fees, and close in as little as 4 days.

Crowdfunding

Borrow up to 80% of the ARV with no origination fees up front. Crowdfunding is faster and more flexible than traditional funding, and less money is needed to close.

Long–Term Loans

Take out a traditional long-term loan from a mortgage company or bank.

Private Money

Borrow money from a private lender. Each private lender is different, but these individuals typically offer lower rates than hard money lenders, and more flexible terms.

Your Own Cash

Use your own cash. Those who have cash generally prefer this method because it eliminates borrowing costs and speeds up the closing process.

Someone Else’s Cash

Bring another individual into the deal who will either partner with you or be your private lender. Partners receive a portion of your profits.

Take Over Payments

Take over the existing mortgage “Subject To” the existing financing. This is much more likely to be effective for motivated seller leads as opposed to wholesale deals.

No Money Needed

If you primarily pursue motivated seller leads and your plan is to wholesale those properties, then you don’t need cash or financing.

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