$60,000 · LIMA, OH 45805
Flippers would lose money · Low return for landlords

Sold

$60,000Asking price

3 bd · 1 ba · 4,748 sq ft · built 1926

LIMA, OH 45805

No contract on file

via InvestorLift Classic

Listed Jul 22

Flippers would lose money

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $145,000
Asking price: −$60,000
RepairsMiddle of our estimate, $60,000 – $125,000: −$92,500
Loan, holding, closing20% down, 12% interest, 2 points, 97 days: −$8,641
Profit−11.1% of ARV · flippers want 10%+: −$16,141
Loses money

Works for a flipper at $31,000 or less.

SELL MY HOUSE ID

Char Hiaring

No reviews yet

Comps

Sales

Rents

ARV $145,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $145,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SELL MY HOUSE ID

Char Hiaring

No reviews yet

Seller Description

Investment opportunity in Lima, Ohio! This 3-bedroom, 1-bathroom single-family home offers 1,248 sq. ft. of living space on a 4,748 sq. ft. lot. Features include a full basement and detached garage. The property is owner-occupied and in mostly cosmetic rehab condition. The roof is approximately 15 years old, and the furnace and central air were installed in 2001. According to the owner, both systems are working excellently and have been maintained. The exterior was painted several years ago, and aluminum siding was installed on the soffits. The owner reports that a couple of basement wall areas become slightly moist during heavy rain, but no water runs across the basement floor. No other known issues were identified by the owner. Estimated ARV: $145,000.