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$550,000 · WEST ISLIP, NY 11795
Works for flippers · Landlords would lose money

Available

$550,000Asking price

3 bd · 2 ba · 1,600 sq ft · built 1952

WEST ISLIP, NY 11795

Contract on file

via InvestorLift Classic

1 view · listed Aug 7

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $800,000
Asking price: −$550,000
RepairsMiddle of the seller’s $85,000 – $100,000. Ours: $49,000 – $88,000: −$92,500
Loan, holding, closing20% down, 12% interest, 2 points, 97 days: −$63,332
Profit11.8% of ARV · flippers want 10%+: $94,168
Works

Works for a flipper up to $563,000.

HOUSE4CASH

Magnus

No reviews yet

Comps

Sales

Rents

ARV $800,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $671,000.

The sales behind this value are shown to members.

ARV $800,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOUSE4CASH

Magnus

No reviews yet

Seller Description

888 E Bay Dr, West Islip, NY

A rare opportunity to purchase a waterfront property in one of West Islip’s most desirable locations. This corner lot sits directly on a canal and offers tremendous upside for an investor, builder, or experienced end user looking to create their dream waterfront home.

Property Highlights

• 3 Bedrooms

• 2 Bathrooms

• Waterfront on Canal

• Corner Lot

• Roof Less Than 5 Years Old

• New Navy Bulkhead Completed Last Year

Asking Price: $550k

Closing on or about 8/16/26

ARV: $800K : $850K

Terms

• Cash or Hard Money Only

• Contract Assignment

• Delivered Vacant

• Drive-By and Photos Only

Photos:

https://drive.google.com/drive/folders/1Q12I1lESOz7gdcOfF99Wo0kU9p3Y0L-2

Important Instructions

Please do not disturb the owner or occupant, do not trespass onto the property, and do not market or advertise this opportunity without prior written consent.

House4cash LLC - Long Island NY

Acquisition Manager: Magnus Sebastian

(631)-496-5923