$165,000 · ST. LOUIS COUNTY, VIRGINIA, MN 55792
Flippers would lose money

Available

$165,000Asking price

5 bd · 2 ba · 2,080 sq ft · built 1952

ST. LOUIS COUNTY, VIRGINIA, MN 55792

Contract on file

4 views · listed 2 days ago

Flippers would lose money

The Numbers

Sells for (comps’ value)The seller says $330,000: $200,000
Asking price: −$165,000
RepairsMiddle of the seller’s $59,000 – $80,000. Ours: $59,000 – $106,000: −$69,500
Loan, holding, closing20% down, 12% interest, 2 points, 88 days: −$17,409
Profit−26.0% of ARV · flippers want 10%+: −$51,909
Loses money

Works for a flipper at $97,000 or less. On the seller’s $330,000 it would show $74,191 profit.

DUNAMIS KINGDOM WEALTH 7 INVESTMENTS LLC

Nathan Shepherd · Online now

No reviews yet

Comps

ARV $330,000

Seller’s own value

The seller’s 4 picked sales support $200,000, which is $130,000 less.

The sales behind this value are shown to members.

ARV $330,000

Seller’s own value

The seller’s 4 picked sales support $200,000, which is $130,000 less.

The sales behind this value are shown to members.

DUNAMIS KINGDOM WEALTH 7 INVESTMENTS LLC

Nathan Shepherd · Online now

No reviews yet

Seller Description

Virginia, MN — 5 bed / 2 bath single-family on 2.14 acres (2,080 sf). ARV $330,000 with a 50% discount to ARV at the $165,000 ask. Flip case: Buy at $165,000 against comps-backed ARV $330,000. Projected flip profit is $74,191 with an estimated 29% ROI and a 22% margin. This deal is priced for a major value-add. Rehab is described as Major Rehab with an estimated range of $59,000–$80,000 to reach ARV. Cash or hard money only. $5,000 non-refundable earnest money. Do your due diligence before making an offer on the property. Buyer pays closing and title costs.