Double-Wide Manufactured Home on Permanent Foundation in Penrose, ready for fix/flip
Wholesale price: $143,000
Est. ARV: $350,000
Property Details:
-3b, 1ba
-1,440sqft
-Built in 1974
-3 Acares
-Metal roof
-2-car Detached Garage
Terms
-Closing: 6/10
-EM: 5k
-Possession: Vacant at closing
Deal Projections:
You can buy this SFR for $143,000. Your closing costs, title insurance, holding costs & back-end commissions will cost an approx. $17,000. The renovation is estimated to cost $90,000. With this, your total basis in the deal will be $250,000. Assuming the house resells for $350,000, your deal profit would be: $100,000.
Contact Tom text or call for questions / put in an offer (720) 738-4635