$89,900 · SOUTH BEND, IN 46613
Works for flippers · Works for landlords

Available

$89,900Asking price

4 bd · 2.5 ba · 1,248 sq ft · built 1910

SOUTH BEND, IN 46613

No contract on file

via InvestorLift Classic

9 views · listed Oct 28

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $160,000
Asking price: −$89,900
RepairsMiddle of the seller’s $20,000 – $30,000. Ours: $16,500 – $35,000: −$25,000
Loan, holding, closing20% down, 12% interest, 2 points, 70 days: −$10,591
Profit21.6% of ARV · flippers want 10%+: $34,509
Works

Works for a flipper up to $107,000.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Comps

Sales

Rents

ARV $160,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $120,000.

The sales behind this value are shown to members.

ARV $160,000

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

4 Bed, 2 Bath, 1,248 SF home built in 1910 on a 4,515 SF lot, currently tenant-occupied and generating $1,200/month on a month-to-month lease. The property features an unfinished basement, a good-condition foundation, an approximately 11-year-old roof, functional electrical, copper plumbing, and central A/C and furnace installed in 2019. The stove, refrigerator, and washer were replaced approximately 1.5 years ago. Main value-add opportunities include kitchen, bathroom, and flooring updates, interior paint, and minor basement repairs. Exterior work includes porch repairs, siding and trim touch-ups, and landscaping cleanup. Great opportunity for investors seeking existing rental income with potential to increase value through renovations.