$86,900 · FRANKFORT, IN 46041
Works for flippers

Available

$86,900Asking price

3 bd · 2 ba · 2,079 sq ft · built 2000

FRANKFORT, IN 46041

No contract on file

Price Drop

via InvestorLift Classic

2 views · listed Nov 5

Works for flippers

The Numbers

Sells for (ARV)From the listing: $250,000
Asking price: −$86,900
RepairsMiddle of the seller’s $45,000 – $60,000. Ours: $24,000 – $49,500: −$52,500
Loan, holding, closing20% down, 12% interest, 2 points, 81 days: −$13,349
Profit38.9% of ARV · flippers want 10%+: $97,251
Works

Works for a flipper up to $154,000.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Comps

ARV $250,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $245,000.

The sales behind this value are shown to members.

ARV $250,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Seller Description

For more details, Call/Text Lily: (317) 644-2554

3 Bed, 2 Bath, 2,079 SF manufactured home built in 2000 on a 5,545 SF lot in an established Frankfort, IN neighborhood. Set on a block crawlspace foundation in excellent condition with level floors throughout and rear driveway parking. The home was extensively remodeled approximately 6 years ago, including the kitchen, bathrooms, electrical, plumbing, vinyl windows, siding, central A/C, furnace, and water heater—all reported to be in good condition. The property offers a strong foundation for a value-add project, with major updates already completed. Rehab includes roof replacement, porch repairs, flooring, odor remediation, interior paint, kitchen cabinet touch-ups, and primary bathroom refresh. Exterior work includes gutter and fascia/soffit repairs, replacing a broken window pane, pressure washing, and landscaping. Owner-occupied, with possible vacancy at closing. Ideal opportunity for a rental or flip with targeted improvements.