$89,000 · CEDAR RAPIDS, IA 52404
Works for flippers · Works for landlords

Available

$89,000Asking price

3 bd · 1.5 ba · 1,788 sq ft · built 1910

CEDAR RAPIDS, IA 52404

No contract on file

via InvestorLift Classic

Listed Nov 4

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $185,000
Asking price: −$89,000
RepairsMiddle of the seller’s $30,000 – $45,000. Ours: $51,500 – $92,500: −$37,500
Loan, holding, closing20% down, 12% interest, 2 points, 75 days: −$11,400
Profit25.5% of ARV · flippers want 10%+: $47,100
Works

Works for a flipper up to $115,000.

QUICK DIRECT SALE

Zak Turk

No reviews yet

Comps

Sales

Rents

ARV $185,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $142,000.

The sales behind this value are shown to members.

ARV $185,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

QUICK DIRECT SALE

Zak Turk

No reviews yet

Seller Description

This vacant 3-bedroom, 1.5-bathroom property offers 1,276 sq ft of potential for investors looking for their next project. The home needs significant renovations and is ideal for a full rehab or value-add investment.

The good news is that the guts of the house are in good condition, and the property features a new roof and a basement, providing a solid starting point for renovations.

With the right vision and improvements, this property has the potential to be transformed into a great investment opportunity. Perfect for investors looking to renovate, build equity, and maximize returns.

Please contact Zak if interested,

216-970-7522