2202 Pearl St

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Property Type: SFR
Beds/Baths: Currently 4 Bed / 2 Bath (Potential 6+ Bed / 2–3 Bath)
Sqft: 2,600 | Lot: 6,480 | Year Built: 1880
Occupancy: Vacant
Asking Price: 💰 $30,000
ARV (4/2): $200,000 | ARV (6/3): $250,000+
Est. Rent (4/2): $1,200–$1,500/mo
Est. Rent (6/3 or Rooming Setup): $2,000+/mo
Price/Sqft (ARV): $75–$94/sqft
Rehab Estimate: 🔧 $65,000–$75,000

🔧 Rehab Scope (Rental-Grade Finish)
Trash-out & deep cleaning

Paint, drywall, trim & door replacements

New flooring (vinyl plank or carpet)

Rental-grade kitchen & bath upgrades

Subfloor repairs as needed

New roof needed

Minor window/door repairs

Code/safety updates + landscaping

💡 Why It’s a Win for Investors
✔️ Huge 2,600 sqft layout = 6BR/3BA potential
✔️ Perfect for long-term rental, Section 8, or rooming strategy
✔️ Residential zoning (confirm for group housing use)
✔️ All-in cost well below market — big equity spread
✔️ High yield potential with strong ROI and rent upside
✔️ Clean title, vacant, and ready for rehab

📊 Quick Financials
Purchase Price: $30,000

Rehab Budget: $65K–$75K

Total All-In: ~$95K–$105K

ARV: $200K–$250K

Rent Potential: $1,500–$2,000+/mo

ROI / Cap Rate: ~18–25%+ (strategy-dependent)

📦 Want More Deals Like This?
We have off-market SFRs, duplexes, triplexes, portfolios, and cash-flowing rentals across Indiana, Florida, Texas & more.

🔗 See full inventory at www.reioffer.net
📞 Contact Jamie Franklin | Acquire JDF Corp | 317-610-9834

Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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