$49,900 · ORLEANS, MI 48865
Works for flippers

Available

$49,900Asking price

4 bd · 1 ba · 1,472 sq ft · built 1900

ORLEANS, MI 48865

Contract on file

via InvestorLift Classic

1 view · 1 saved · listed Sep 25

Works for flippers

The Numbers

Sells for (ARV)From the listing: $220,000
Asking price: −$49,900
RepairsMiddle of the seller’s $49,000 – $73,000. Ours: $72,000 – $119,500: −$61,000
Loan, holding, closing20% down, 12% interest, 2 points, 84 days: −$9,998
Profit45.0% of ARV · flippers want 10%+: $99,102
Works

Works for a flipper up to $122,000.

ABUNDANT ONE LLC

Jason Mead

No reviews yet

Comps

ARV $220,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $222,000.

The sales behind this value are shown to members.

ARV $220,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ABUNDANT ONE LLC

Jason Mead

No reviews yet

Seller Description

NVESTOR SPECIAL – 4 BEDROOM FARMHOUSE WITH STRONG VALUE-ADD POTENTIAL!

5424 Orleans Rd in Orleans is a great opportunity for flippers, contractors, and investors looking for a project with plenty of upside. This 4-bedroom, 1-bath farmhouse offers approximately 1,472 sq. ft. of living space on roughly 0.40 acres and is ready for someone to bring it back to life.

The home has the bones and character investors look for, including tall ceilings and original wood flooring, while some important upgrades have already been completed, including a newer 200-amp electrical panel and on-demand water heater.

This property needs renovation, but that's where the opportunity lies. Update the kitchen and bath, refinish the original hardwood floors, address mechanical/cosmetic items, and create a finished product that should appeal to both owner-occupants and rental investors.

INVESTMENT SNAPSHOT

• 4 Bedrooms / 1 Bathroom

• Approx. 1,472 Sq. Ft.

• Approx. 0.40 Acre Lot

• Estimated ARV: $220,000–$250,000 depending on renovation level and finished condition

• Estimated Market Rent: $1,650–$1,850/month after renovation

• Potential additional upside from adding a second bathroom, if layout and budget allow

• Newer 200-amp electrical panel

• Newer on-demand water heater

• Private well and septic

• Belding School District

At the right acquisition and renovation numbers, this could work as a fix-and-flip, BRRRR project, or long-term rental.

With renovated homes in the surrounding market selling well into the $200Ks, there is significant spread between the property's current condition and its potential finished value.

Bring your contractor, run your numbers, and take a look. This is a true value-add opportunity with multiple exit strategies.

Property is being offered AS-IS. Buyer to verify all measurements, renovation costs, ARV, rental rates, utilities, well/septic condition, and other property information. ARV and rental figures are estimates only and are not guaranteed.

Estimated Spread