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46628, IN

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46628, IN

$90,000 · SOUTH BEND, IN 46628
Flippers would lose money · Low return for landlords

Available

$90,000Asking price

4 bd · 1.5 ba · 1,416 sq ft · built 1926

SOUTH BEND, IN 46628

No contract on file

via InvestorLift Classic

3 views · listed Oct 30

Flippers would lose money

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $170,153
Asking price: −$90,000
RepairsMiddle of our estimate, $71,000 – $118,500: −$94,750
Loan, holding, closing20% down, 12% interest, 2 points, 98 days: −$11,564
Profit−15.4% of ARV · flippers want 10%+: −$26,161
Loses money

Works for a flipper at $49,000 or less.

SUMMERCREST CAPITAL

Josh Le

No reviews yet

Comps

Sales

Rents

ARV $170,153

From the listing

The seller picked no comps. Investimate’s own value for this home is $122,000.

The sales behind this value are shown to members.

ARV $170,153

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SUMMERCREST CAPITAL

Josh Le

No reviews yet

Seller Description

Vacant

4 bed

1.5 bath

1,416 sqft

Year build: 1926

0.12 acre lot

Two story

Detached garage

Central air

Rear deck, fenced back yard

Basement is damaged

Interior is rough with trash and clutter

Needs a full rehab

Value add opportunity

Roof needs replacement

Furnace needs replacement

Electrical updated about 6 yrs ago

Contact: 813-537-6756

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