$40,000 · MOORHEAD, MS 38761
Flippers would lose money

Available

$40,000Asking price

3 bd · 2 ba · 2,458 sq ft · built 1930

MOORHEAD, MS 38761

No contract on file

via InvestorLift Classic

Listed 2 days ago

Flippers would lose money

The Numbers

Sells for (ARV)From the listing: $90,000
Asking price: −$40,000
RepairsMiddle of the seller’s $70,000 – $100,000. Ours: $107,500 – $179,500: −$85,000
Loan, holding, closing20% down, 12% interest, 2 points, 94 days: −$5,529
Profit−45.0% of ARV · flippers want 10%+: −$40,529
Loses money

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

JP CAPITAL INVESTMENTS

Catera

No reviews yet

Comps

ARV $90,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $61,000.

The sales behind this value are shown to members.

ARV $90,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

JP CAPITAL INVESTMENTS

Catera

No reviews yet

Seller Description

Only two photos

3 beds 2 baths 2458 square feet asking price $40,000

arv is $75,000-$115,000

Comps addressStatus / DateSpecsPrice / Est. ValuePrice / Sq. Ft.Notes517 W Washington StSold (12/31/2025)4 bd / 2.5 ba, 2,297 sq. ft.$80,000$35 / sq. ft.Closest direct size & age comp (built 1956, 0.58 mi away).425 Olive StActive3 bd / 1 ba, 1,500 sq. ft.$44,900 (reduced $10k)$30 / sq. ft.Next-door neighbor on a 0.52-acre lot; sets a lower ceiling for smaller/unrenovated homes.1416 E Pine Circle StSold (05/22/2025)3 bd / 2 ba, 1,523 sq. ft.~$128,964 (est.)~$85 / sq. ft. (est.)Smaller footprint; represents top-of-market renovated condition in Moorhead.504 & 421 Olive StOff-Market / Prior SalesOlive St corridor$111,300 – $124,000 (est.)—Historical valuations for well-maintained homes along O

Call /text 3133192679 Catera