$110,000 · NEW PEKIN, IN 47165
Works for flippers

Available

$110,000Asking price

4 bd · 2 ba · 1,792 sq ft · built 1991

NEW PEKIN, IN 47165

No contract on file

via InvestorLift Classic

Listed Nov 2

Works for flippers

The Numbers

Sells for (ARV)From the listing: $200,000
Asking price: −$110,000
RepairsMiddle of the seller’s $15,000 – $25,000. Ours: $18,500 – $39,000: −$20,000
Loan, holding, closing20% down, 12% interest, 2 points, 68 days: −$13,027
Profit28.5% of ARV · flippers want 10%+: $56,973
Works

Works for a flipper up to $144,000.

HOWARD BUYS

Grant Howard

No reviews yet

Comps

ARV $200,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $128,000.

The sales behind this value are shown to members.

ARV $200,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOWARD BUYS

Grant Howard

No reviews yet

Seller Description

$25K rehab (my estimate). $180-200K ARV (my estimate). Run your own numbers.

4BR/2BA · 1,792 SF · 1.66 acres · Pekin, IN 47165 (Washington County)

Fleetwood doublewide. Data plate dated 9/1990, county record shows 1991. Central heat and air. Crawl space.

30x50 pole barn built 2022 per the county record, with solar panels on the roof and an Enphase system. Seller reports about $50K in solar and no loan on it. Paperwork is being collected during due diligence.

Manufactured home title status is being confirmed with the title company.

Vacant at closing. Under an hour to Louisville.

As-is, where-is. Cash or hard money. Closes at Momentum Title on or about December 11.

Howard Investments LLC d/b/a Howard Buys holds an equitable interest in this property and is offering to assign its interest in the purchase contract. We are not the record title owner.

Grant Howard, licensed Indiana real estate broker — Lopp Real Estate Brokers.