$920,000 · INDIO, CA 92201
Works for flippers

Available

$920,000Asking price

10 bd · 5 ba · 3,796 sq ft · built 1958

INDIO, CA 92201

No contract on file

via InvestorLift Classic

Listed Nov 3

Works for flippers

The Numbers

Sells for (ARV)From the listing: $1,350,000
Asking price: −$920,000
RepairsThe seller’s figure. Ours: $50,000 – $104,000: −$40,000
Loan, holding, closing20% down, 12% interest, 2 points, 76 days: −$101,210
Profit21.4% of ARV · flippers want 10%+: $288,790
Works

Works for a flipper up to $1,064,000.

AS-IS HOME BUYERS

Chase

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Comps

ARV $1,350,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $440,000.

The sales behind this value are shown to members.

ARV $1,350,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

AS-IS HOME BUYERS

Chase

No reviews yet

Seller Description

SUBMIT AN OFFER!

5-unit building, each unit is 2bed/1bath. Tenants pay all utilities! Total rent is $9,200/month ($1,840/month)! 8.25x GRM. Indio is not subject to any local rent-control. THIS PROPERTY MEETS THE ONE-PERCENT RULE IN CALIFORNIA, THAT IS UNDERHEARD OF (monthly rent is 1% of Purchase Price)

Price: $920K

ARV: $1.350M

Property Overview: