Location Location, area going under major revitalization including parks, roads, and sidewalks, short drive to river walk, perfect investment property, newer home built in 2009, 626 Barberry St, 3 beds 2 bath, 904 sqft, large lot: .15 acres, estimated rehab 27.5K: foundation, flooring, paint, electrical/plumbing up to code.
Max ARV: $99,000
Asking Price: $54,000
Exit strategy: Owner finance, $5,000 down payment, $99,000 sales price, $950 monthly PI/TI, 30 year amortization, 10% interest or rent $950 monthly.
See attached sold/rental comps.