$125,000 · MOBILE COUNTY, MOBILE, AL 36608
Flippers would lose money · Low return for landlords

Available

$125,000Asking price

3 bd · 1 ba · 1,300 sq ft · built 1957

MOBILE COUNTY, MOBILE, AL 36608

Contract on file

1 view · listed 2 days ago

Flippers would lose money

Low return for landlords

The Numbers

Flip

Rental

Sells for (comps’ value)The seller says $225,000: $117,000
Asking price: −$125,000
RepairsMiddle of the seller’s $31,500 – $50,000. Ours: $36,500 – $65,500: −$40,750
Loan, holding, closing20% down, 12% interest, 2 points, 76 days: −$11,759
Profit−51.7% of ARV · flippers want 10%+: −$60,509
Loses money

Works for a flipper at $57,000 or less. On the seller’s $225,000 it would show $44,251 profit.

BUTLER ACQUISITION GROUP LLC

Ray Butler

No reviews yet

Comps

Sales

Rents

ARV $225,000

Seller’s own value

The seller’s 5 picked sales support $117,000, which is $108,000 less.

The sales behind this value are shown to members.

ARV $225,000

Seller’s own value

The seller’s 5 picked sales support $117,000, which is $108,000 less.

The sales behind this value are shown to members.

BUTLER ACQUISITION GROUP LLC

Ray Butler

No reviews yet

Seller Description

Mobile, AL — 3 bed / 1 bath SFR (1,300 sf) on 1 acre. ARV $225,000 with a $100,000 discount to ARV at the $125,000 ask. Flip numbers are built in: ARV $225,000 and 44% below ARV at purchase. Projected flip profit is $44,251 with an estimated 24% ROI and a 20% margin based on the provided flip analysis. Rental exit also pencils: estimated rent $1,650/mo with projected monthly cash flow of $320. Metrics from the rental analysis show a 9.5% cap rate and 15.4% cash-on-cash return (GRM 6.3; based on 19 rent comps and the stated financing/expense assumptions). Condition is Major Rehab. Scope centers on frame work plus a full kitchen and bath rehab, with the upside option to convert to a 4 bed / 2 bath to help drive value toward the $225,000 ARV. Cash buyers preferred and a quick close available.