$29,000 · BIRMINGHAM, AL 35206
Tight for flippers

Available

$29,000Asking price

2 bd · 1 ba · 1,068 sq ft · built 1900

BIRMINGHAM, AL 35206

No contract on file

via InvestorLift Classic

Listed Oct 22

Tight for flippers

The Numbers

Sells for (ARV)From the listing: $90,000
Asking price: −$29,000
RepairsMiddle of the seller’s $40,000 – $60,000. Ours: $30,500 – $55,000: −$50,000
Loan, holding, closing20% down, 12% interest, 2 points, 80 days: −$4,644
Profit7.1% of ARV · flippers want 10%+: $6,356
Tight

Works for a flipper at $26,000 or less.

JP CAPITAL INVESTMENTS

Catera

No reviews yet

Comps

ARV $90,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $57,000.

The sales behind this value are shown to members.

ARV $90,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

JP CAPITAL INVESTMENTS

Catera

No reviews yet

Seller Description

Off-Market Birmingham 35206 | 2 Bed / 1 Bath | $29K Contract 2 Bed | 1 Bath | 1,134 Sqft 7616 3rd Ave S, Birmingham, AL 35206 Contract Price: $29,000 ARV: $92K–$105K Estimated Rehab: ~$43,000 Projected Rent: ~$980/month Value-Add Potential: Potential to Add a 3rd Bedroom with ARV Upside of Up to $150K (subject to layout feasibility and market comps)Solid value-add opportunity with a low acquisition price, strong rental potential, and the opportunity to increase resale value by converting the property into a 3-bedroom layout.Comps:7810 7th Ave S — Birmingham, AL 352062 Bed | 1 Bath | 1,134 SqftSold: $106,0007212 2nd Ave S — Birmingham, AL 352063 Bed | 1 Bath | 1,213 SqftSold: $150,0007830 5th Ave S — Birmingham, AL 352063 Bed | 1 Bath | 1,151 SqftSold: $142,500Non-Rehab Comp:718 78th St S — Birmingham, AL 352062 Bed | 1 Bath | 1,037 SqftSold: $60,000

CALL/ TEXT Catera 3133192679