OfferMarket

2009 S Winston St, Peoria, IL 61605, USA

$35,000

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APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET INSTANT LOAN QUOTE AND PRE APPROVAL

Purchase Overview

  • Market Rent: 928 per month

  • ARV: 65,000

  • Repairs Needed: 21,000

  • Property is livable as-is, kitchen unfinished

Property Details

  • 2 Bed / 1 Bath

  • Single-story home

  • Original hardwood in living room, hallway, bedroom

  • Bathroom updated approx. 5 years ago

  • Interior Condition

  • Kitchen has no cabinets installed

  • Owner has new plywood subfloor and laminate flooring on-site

  • Cabinets still need to be purchased and installed

  • Hardwood floors in decent condition but need some attention

  • Bathroom: tub, toilet, flooring approx. 5 years old and in good shape

  • Systems / Mechanical

  • Windows replaced approx. 5 years ago

  • Additional insulation added approx. 5 years ago

  • Gas furnace works and is serviced yearly

  • No central air conditioning

  • Plumbing reported to be in good working condition

Investment Highlights

  • Strong rental area with market rent around 928

  • Light-to-medium rehab needed (kitchen and minor flooring)

  • Updated windows, insulation, and bathroom reduce major repair risk

  • Solid value-add rental or easy long-term hold

Exit Strategies

  • Buy & Hold rental with strong rent-to-price ratio

  • Section 8 potential

  • Add kitchen and finish flooring to push value toward ARV

Need Financing

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