Wholesale deal under extended contract with seller. Please email to set up call with.
MANY MORE PICTURES AVAILABLE. STREET VIEW ON OFFERMARKET IS NOT CORRECT ADDRESS.
Fully inspected 08/06/2025: report available with 360 interior and exterior views, as well as drone camera of entire property - for POF/C qualified buyers.
Not a not a total rehab, but needs a decent amount of (mostly aesthetic) attention.
I would've bought this property myself already if it was geographically possible to complete the project on my own.
Cash only.
Asking $62K / $46.91 per sqft.
Needs assessment: HVAC repair/ possibly replace, Roof repair (not new roof), needs new kitchen appliances (all), needs new washer/dryer, may need/want new kitchen counter - cabinets need aesthetic attention, minor electrical attention, paint - both interior and exterior, some drywall, 2 new windows, possibly new floors, new appliances, landscaping (really not extensive or restructuring whatsoever), no mold, no radon, no asbestos, no pest, foundation and frame seem perfectly intact.
Property highlights: Larger lot for the area, house needs aesthetics and landscaping mostly, detached garage with private parking in the rear of property.
Property age: built 1890.
Estimated investment to rehab: $38K - using the numbers I would use to rehab this on my own.
Estimated ARV: $150K to $185K - Comp’s used (all are good close comparisons, only one ideal by Bed(3)/bath(1)/sqft(1320)): Comps used provide in pictures - see comp's used to calc ARV.
Estimated present value as is online: $88K (doubtful this is accurate).
Age of home: 125 years.
Estimated average sale price ARV of $165,000.00.
Estimated project timeline: 1 month, 45 days max.
Estimated time to sell at max ARV: 3 to 5 months.
Estimated annual insurance cost: $1,500.00.
Estimated annual property taxes: $800.00.
Estimated upkeep annual: $1,000.00.
TIU annual total TIU: 3,300.00.
Total monthly TIU: $275.00.
Estimated average ARV/Sale price: $165,000.00.
360month/30 year mortgage at 6.75% APR for $165,000.00, no down payment: $1,070.19/mo.
Estimated Median Income in 15425 zip code: $46,300.00.
35% DTI for mortgage threshold: $16,205/annual - $1,350.41/mo.
Mortgage monthly payment (PI): $1,070.19.
Estimated monthly TIU: $275.00.
Monthly payments adjusted for PITIU (PITIU): $1,345.19/mo. (BELOW 35% DTI for mortgage qualification threshold).
Estimated project cost/investment: $100K.
Estimated ARV/Sale price: $165K.
Estimated profit: $65K.
