$250,000 · ABINGDON, MD 21009
Works for flippers · Low return for landlords

Available

$250,000Asking price

3 bd · 2 ba · 1,762 sq ft · built 1967

ABINGDON, MD 21009

No contract on file

via InvestorLift Classic

11 views · listed 3 days ago

Works for flippers

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $450,000
Asking price: −$250,000
RepairsMiddle of the seller’s $85,000 – $100,000. Ours: $94,000 – $156,500: −$92,500
Loan, holding, closing20% down, 12% interest, 2 points, 97 days: −$31,378
Profit16.9% of ARV · flippers want 10%+: $76,122
Works

Works for a flipper up to $279,000.

HOMEBRIDGE

Jay Luo

No reviews yet

Comps

Sales

Rents

ARV $450,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $405,000.

The sales behind this value are shown to members.

ARV $450,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOMEBRIDGE

Jay Luo

No reviews yet

Seller Description

Split-foyer single-family home situated on a fenced 0.55-acre lot in an established Abingdon neighborhood.

Property details

3 bedrooms and 2 bathrooms
Approximately 1,112 sq. ft. above grade
Approximately 650 sq. ft. of basement space
Potential to add a fourth bedroom and additional bathroom in the basement
Central air conditioning
Public sewer and well water
One-car attached garage
Separate two-car detached garage
Property is vacant and available for showings by appointment

Property condition

The house needs a full renovation. A pipe burst approximately two years ago. Insurance remediation was completed, including water mitigation and removal of the flooring and portions of the walls. Buyers should conduct their own inspections and due diligence.