$1,149,000 · SAN JOSE, CA 95128
Works for flippers · Landlords would lose money

Available

$1,149,000Asking price

2 bd · 1 ba · 1,007 sq ft · built 1925

SAN JOSE, CA 95128

Contract on file

via InvestorLift Classic

2 views · listed Oct 21

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $1,500,000
Asking price: −$1,149,000
RepairsMiddle of the seller’s $50,000 – $60,000. Ours: $18,000 – $37,500: −$55,000
Loan, holding, closing20% down, 12% interest, 2 points, 82 days: −$122,635
Profit11.6% of ARV · flippers want 10%+: $173,365
Works

Works for a flipper up to $1,170,000.

VERITY PROPERTY INVESTORS LLC

Justin Northcutt

No reviews yet

Comps

Sales

Rents

ARV $1,500,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

ARV $1,500,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

VERITY PROPERTY INVESTORS LLC

Justin Northcutt

No reviews yet

Seller Description

30 Boston Ave, San Jose CA - https://viewdeal.co/hswr

This unique fixer-upper property features a 4-bedroom, 2-bathroom main house complete with a partial basement, alongside two additional rental units (a 2-bedroom, 1-bathroom secondary unit and a converted 2-bedroom, 1-bathroom garage unit). Permits are currently unknown. Bring your contractors and turn this diamond in the rough into a lucrative income generator—live in the main house while renting out the back units, or maximize your cash flow by leasing all three.

Main House - 4/2 1200 sq ft $2800 current rent

2nd House - 2/1 700 sq ft $1995 current rent

3rd House - 2/1 650 sq ft $1900 current rent