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South Bend, IN

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South Bend, IN

$100,000 · SOUTH BEND, IN 46613
Works for landlords · Flippers would lose money

Available

$100,000Asking price

4 bd · 1.5 ba · 1,860 sq ft · built 1927

SOUTH BEND, IN 46613

No contract on file

via InvestorLift Classic

4 views · listed Oct 30

Works for landlords

Flippers would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $137,893
Asking price: −$100,000
RepairsMiddle of our estimate, $25,000 – $52,000: −$38,500
Loan, holding, closing20% down, 12% interest, 2 points, 75 days: −$10,709
Profit−8.2% of ARV · flippers want 10%+: −$11,316
Loses money

Works for a flipper at $76,000 or less.

SUMMERCREST CAPITAL

Josh Le

No reviews yet

Comps

Sales

Rents

ARV $137,893

From the listing

The seller picked no comps. Investimate’s own value for this home is $59,000.

The sales behind this value are shown to members.

ARV $137,893

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

Section 8 tenant, $1,075/mo

Duplex converted to single family

4 bed

1.5 bath

1,860 sqft

Year build: 1927

0.16 acre lot

Two story

Gas forced air heat

Block basement

Main level laundry

Interior is dated and lived in

Cosmetic upgrade opportunity

Occupied

Roof about 15 yrs

Furnace about 10-12 yrs

Electrical about 10-12 yrs

Contact: 813-537-6756

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