$340,000 · WEST SALEM, OH 44287
Flippers would lose money

Available

$340,000Asking price

5 bd · 2.5 ba · 2,280 sq ft · built 1995

WEST SALEM, OH 44287

Listed Nov 3

Flippers would lose money

The Numbers

Sells for (comps’ value)The seller says $550,000: $289,000
Asking price: −$340,000
RepairsMiddle of the seller’s $26,500 – $54,500. Ours: $26,500 – $54,500: −$40,500
Loan, holding, closing20% down, 12% interest, 2 points, 76 days: −$31,106
Profit−42.4% of ARV · flippers want 10%+: −$122,606
Loses money

Works for a flipper at $197,000 or less. On the seller’s $550,000 it would show $130,564 profit.

GENTRY REAL ESTATE AZ

CHANDLER BOGLE

5.0 · 1 review

Comps

ARV $550,000

Seller’s own value

The seller’s 5 picked sales support $289,000, which is $261,000 less.

The sales behind this value are shown to members.

ARV $550,000

Seller’s own value

The seller’s 5 picked sales support $289,000, which is $261,000 less.

The sales behind this value are shown to members.

GENTRY REAL ESTATE AZ

CHANDLER BOGLE

5.0 · 1 review

Seller Description

West Salem, OH — 5 bed / 2.1 bath SFR (2,280 sf, built 1995 on 1.07 acres). ARV $550,000 with a 38% discount below ARV at the $340,000 asking price. Flip numbers: ARV $550,000. Discount below ARV: 38%. Projected flip profit: $130,564 with an estimated 31% ROI. Rental exit: no rental analysis provided, so this one is positioned primarily as a flip or wholetail opportunity based on the ARV spread. Condition is listed as Light Rehab with estimated repairs of $26,500–$54,500. Value-add is executing the rehab efficiently to capture the comps-backed ARV. Cash buyers preferred with a quick close.