$12,000 · EAST ST. LOUIS, IL 62204
Works for landlords · Flippers would lose money

Available

$12,000Asking price

2 bd · 1 ba · 925 sq ft · built 1930

EAST ST. LOUIS, IL 62204

No contract on file

via InvestorLift Classic

Listed 5 days ago

Works for landlords

Flippers would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $55,000
Asking price: −$12,000
RepairsMiddle of the seller’s $60,000 – $70,000. Ours: $25,000 – $45,500: −$65,000
Loan, holding, closing20% down, 12% interest, 2 points, 86 days: −$2,473
Profit−44.5% of ARV · flippers want 10%+: −$24,473
Loses money

No price works for a flipper at this value and these repairs.

HOOSIER BUYERS

Lily Ibrahim

No reviews yet

Comps

Sales

Rents

ARV $55,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $32,000.

The sales behind this value are shown to members.

ARV $55,000

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

Vacant 2 Bed, 1 Bath single-family home featuring a detached garage, vinyl siding, and a traditional basement. The property has functional electrical and PVC plumbing, with city water and sewer connections. The roof and furnace need replacement, while central A/C and ductwork are not currently installed. Main value-add work includes kitchen and bathroom renovations, flooring replacement, electrical and plumbing updates, and general cosmetic improvements. Great opportunity for investors looking to renovate for rental or resale.