$35,000 · BINGHAMTON, NY 13905
Works for flippers · Works for landlords

Sold

$35,000Asking price

3 bd · 1 ba · 1,064 sq ft · built 1900

BINGHAMTON, NY 13905

No contract on file

via InvestorLift Classic

Listed Oct 8

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $200,000
Asking price: −$35,000
RepairsMiddle of the seller’s $80,000 – $100,000. Ours: $55,000 – $91,500: −$90,000
Loan, holding, closing20% down, 12% interest, 2 points, 96 days: −$8,494
Profit33.3% of ARV · flippers want 10%+: $66,506
Works

Works for a flipper up to $78,000.

ROTOLO & CO. HOMEBUYERS

Harry Rotolo

No reviews yet

Comps

Sales

Rents

ARV $200,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $74,000.

The sales behind this value are shown to members.

ARV $200,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ROTOLO & CO. HOMEBUYERS

Harry Rotolo

No reviews yet

Seller Description

A great investor opportunity in Binghamton!

Property Type: Single Family ARV: $150,000

-We prefer to work with investors who are communicative and can close quickly. Please do not submit an offer if you are not serious about purchasing the property. (We will not work with you in the future if this is the case).

-Cash buyers only

-Prior to scheduling a showing, we need to see proof of funds or a hard money commitment.

-You must do your own due diligence. Run your numbers and make sure the property makes sense for you.

-These are wholesale deals that's why they read "in contract".

-If you are a real estate agent or have cash buyers, your fee will come from your client.

Make an Offer: Submit your offer and information at the top of this screen by clicking "Submit an Offer". If you are submitting a "sight unseen" offer, that means you will not view the house until after the closing.

Assignment Contract: An assignment contract will be delivered electronically once an agreement has been made and must be executed by the Buyer within 48 hours. Once the assignment contract is signed, we will introduce you to a third-party title company or attorney who will help facilitate the closing process. The closing date will be written on the assignment contract. A $595 administrative fee will be payable at close.

Earnest Money Deposit: An EMD of $3,000 must be wired to the Title Company or Attorney as soon as the Assignment Contract is signed.

REMINDER: Earnest Money is non-refundable (unless the seller cannot produce a clean market title). Do not offer if you do not have every intention of closing on the property.

Due Diligence: Buyer will be able to request due diligence on the property with a minimum of 12-hour notice to Rotolo & Co. Homebuyers.

LEGAL NOTICE We have a legally binding contract with our Seller. Trying to go around us and direct to our seller is illegal and considered tortious Interference of a contract. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or contact the owner will result in legal action.