Updating Property 29K Profit 16% Equity ID824 Miami, FL
Property Detail
Type
Single Family House Status
Available Location
Florida
Sub Location
Miami
Price
$228,900
Area (sqft)880Bedrooms2Bathrooms1Lot Area3,640Year Built1961Equity15.59%
Property Description
Wholesale Deal, Fix & Flip, Off Market Deal
About Repairs: Needs updating throughout.
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 more information. But as always, please do your own due diligence and verify all information for accuracy.
Short term rental numbers
| Est. Monthly Rental Income | $2,683 |  |
| Est. Rental Income (over 5 yrs) | $160,950 | |
| minus Seller’s Asking Price | $228,900 | |
| minus Est. Cost of Repairs | $10,000 | |
| minus Est. Cost of Furnishings | $11,445 | |
| equals 5 year Equity/Profits of | $461,405 | |
Fix & Flip numbers
| Est. After Repair Value (ARV) | $268,250 | |
| minus Seller’s Asking Price | $228,900 | |
| minus Est. Cost of Repairs | $10,000 | |
| equals Profit Potential of | $29,350 | |
| Equity | 15.59% | |
| 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.
Hard Money
Crowdfunding
Long–Term Loans
Private Money
Your Own Cash
Someone Else’s Cash
Take Over Payments
No Money Needed
