$49,900 · ANDERSON, IN 46012
Works for flippers · Works for landlords

Available

$49,900Asking price

3 bd · 1 ba · 1,332 sq ft · built 1889

ANDERSON, IN 46012

No contract on file

via InvestorLift Classic

3 views · listed Oct 21

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $180,000
Asking price: −$49,900
RepairsMiddle of the seller’s $30,000 – $50,000. Ours: $17,500 – $36,500: −$40,000
Loan, holding, closing20% down, 12% interest, 2 points, 76 days: −$8,693
Profit45.2% of ARV · flippers want 10%+: $81,407
Works

Works for a flipper up to $109,000.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Comps

Sales

Rents

ARV $180,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $116,000.

The sales behind this value are shown to members.

ARV $180,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Seller Description

For more details, Call/Text Lily: (317) 644-2554

3 Bed, 1 Bath, 1,332 SF two-story home on a 7,688 SF lot, built in 1889, with an oversized detached 1-car garage, shed, and covered front porch. Vacant and recently rented, the property features a good-condition crawlspace foundation, updated vinyl siding and windows, a newer deck, and a roof in good condition with minor repairs needed. Electrical is functional, with a working furnace approximately 6–8 years old and a 1-year-old water heater. Previous storm-water intrusion caused by a city sewer backup was addressed; affected areas were stripped and dried, and the drainage issue was corrected. Main rehab includes first-floor drywall and insulation, flooring, kitchen and bathroom updates, and minor subfloor repairs. Additional work includes gutter repairs, a broken window, and exterior touch-ups. Potential to add a second bathroom for additional value.