$105,000 · LANSING, MI 48917
Works for flippers · Low return for landlords

Available

$105,000Asking price

3 bd · 1.5 ba · 1,360 sq ft · built 1951

LANSING, MI 48917

No contract on file

via InvestorLift Classic

1 view · 1 saved · listed Nov 5

Works for flippers

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $210,000
Asking price: −$105,000
RepairsMiddle of the seller’s $40,000 – $50,000. Ours: $38,500 – $69,500: −$45,000
Loan, holding, closing20% down, 12% interest, 2 points, 78 days: −$13,284
Profit22.2% of ARV · flippers want 10%+: $46,716
Works

Works for a flipper up to $129,000.

THE VESSEL CAPITAL

Leah Terveus

No reviews yet

Comps

Sales

Rents

ARV $210,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $168,000.

The sales behind this value are shown to members.

ARV $210,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

THE VESSEL CAPITAL

Leah Terveus

No reviews yet

Seller Description

EXIT STRATEGY: FIX & FLIP

Potential 15-20% profit margin as a fix-and-flip

PROPERTY DETAILS

Property Type: Single Family

Bedrooms / Bathrooms: 3/1.5

Living Area: 1,360

Lot Size: 0.51 Acres

Year Built: 1951

Occupancy: Occupied, delivered vacant

Access: Appointment Only

CONDITION

The property needs interior renovations throughout, including kitchen and bathroom updates, new flooring, fresh paint, and drywall repairs. Kitchen features dated cabinetry and countertops, while living areas show worn finishes and cosmetic damage.