$1,055,000 · VIRGINIA BEACH, VA 23456
Tight for flippers · Landlords would lose money

Available

$1,055,000Asking price

4 bd · 3 ba · 2,134 sq ft · built 1976

VIRGINIA BEACH, VA 23456

Contract on file

2 views · listed 17 hours ago

Tight for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)Backed by 2 comps: $1,350,000
Asking price: −$1,055,000
RepairsMiddle of the seller’s $47,000 – $60,000. Ours: $47,000 – $85,000: −$53,500
Loan, holding, closing20% down, 12% interest, 2 points, 81 days: −$111,506
Profit9.6% of ARV · flippers want 10%+: $129,994
Tight

Works for a flipper at $1,050,000 or less.

OMNILATERAL INVESTMENTS LLC

Alex Lee

No reviews yet

Comps

Sales

Rents

ARV $1,350,000

Backed by comps

Investimate’s value for the 2 sales the seller picked.

The sales behind this value are shown to members.

ARV $1,350,000

Backed by comps

Investimate’s value for the 2 sales the seller picked.

The sales behind this value are shown to members.

OMNILATERAL INVESTMENTS LLC

Alex Lee

No reviews yet

Seller Description

Virginia Beach, VA — 4 bed / 3 bath SFR (2,134 SF) with a comps-backed ARV of $1,350,000 offered at $1,055,000, creating a 22% discount to ARV. Flip numbers are the story here: projected flip profit of about $129,994 with an estimated 11% ROI and a 10% margin (per the provided flip analysis). You’re buying $295,000 below ARV on paper, with the spread supported by the ARV. Rental underwriting is weak at this basis: estimated rent is $3,150/month with projected monthly cash flow of -$4,270, a 1.5% cap rate, and -24.3% cash-on-cash return (assumptions: 20% down, 7% rate, 30-year, 20% expenses, 8% vacancy). This one pencils as a value-add resale more than a long-term hold. Condition is Major Rehab with estimated repairs of $47,000–$60,000. The rehab is the lift required to justify the $1.35M ARV. Cash buyers preferred with a quick close; asking price is $1,055,000.