$384,990 · LEHIGH ACRES, FL 33973
Flippers would lose money

Available

$384,990Asking price

6 bd · 4 ba · 2,246 sq ft · built 2006

LEHIGH ACRES, FL 33973

No contract on file

via InvestorLift Classic

2 views · listed Oct 23

Flippers would lose money

The Numbers

Sells for (ARV)From the listing: $450,000
Asking price: −$384,990
RepairsMiddle of the seller’s $40,000 – $50,000. Ours: $0 – $16,000: −$45,000
Loan, holding, closing20% down, 12% interest, 2 points, 78 days: −$39,108
Profit−4.2% of ARV · flippers want 10%+: −$19,098
Loses money

Works for a flipper at $324,000 or less.

AMERICA HOME SOLUTIONS

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Comps

ARV $450,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $292,000.

The sales behind this value are shown to members.

ARV $450,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

AMERICA HOME SOLUTIONS

24 Hour Dispo

No reviews yet

Seller Description

Duplex opportunity - currently bringing in $3,600 per month in rent, with potential for up to $4000 or more.5039 Locke Ln, Lehigh Acres, FL 33973Bed/Bath: 6B 4BA total (3B 2BA each side) Total Living Area: 2,246 sqft total Lot Size: 12,502 sqftYear Build: 2006Purchase Price: $384,990EMD: 5K NON-REFUNDABLE

Additional info:

Roof 2021, HVAC 2021, water heater 2024, well water pump 2026Occupancy: Occupied, Occupied at closeLease 1: paying $1800, lease ends Dec 1st 2026Lease 2: paying $1800, lease ends may 2027 Note: both tenants have been renting for 4-5 yearsAccess: Appointment - Call for access

COE: ASAP