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Property Overview:
Single Family
1721 SQFT
Lot size: 79 X 151.9
Year Built: 1975
Assessment Class: 3
Building Class: D+
Number of Rooms: 8
FOUNDATION: WOOD SUBFLOOR
EXTERIOR WALLS: MASONITE, 4' X 8'
EXTERIOR WALLS: BRICK ON WOOD
ROOF TYPE: HIP-GABLE
FLOORS: CARPET & UNDERLAY
PLUMBING: AVERAGE
2024 TAXES: $960.92
Repairs Needed:
AVG. renovation. Kitchen, Bath, Floors, Walls and some exterior work
Estimated Repair Costs: $35K - $55K.
HVAC: AC in good condition
Roof: Good condition
Financial Summary
Estimated ARV: $222,000
Rent Estimate: $1,600/month
Estimated Cash-on-Cash Return: 14%
Flip: ARV $222K, with estimated $35K–$55K in rehab → potential gross margin ~$30K–$50K
Offer Type: All Cash
EMD: $10,000
Closing Date: June 2nd
COMPS:
1824 Otis Rd, Birmingham, AL 35235 sold 235k SqFt 1804 Per SqFt 130
2009 Carraway Ln, Birmingham, AL 35235 Sold 219k SqFt 1867 Per SQFt 117
1909 Dix Cir, Birmingham, AL 35235 Sold 233k SqFt 1994 Per SqFt 116
1312 Monterey Dr, Birmingham, AL 35235 Sold 227k SqFt 1565 Per SqFt 145
1305 Stonecrest Dr, Birmingham, AL 35235 Sold 255k SqFt 1808 Per SqFt 141
Subject Property Per SqFt 129
Subject Property ARV 222k
Resources:
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