$54,900 · LORAIN, OH 44052
Works for flippers · Works for landlords

Available

$54,900Asking price

2 bd · 1 ba · 921 sq ft · built 1946

LORAIN, OH 44052

No contract on file

via InvestorLift Classic

4 views · listed 10 hours ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $130,000
Asking price: −$54,900
RepairsMiddle of the seller’s $20,000 – $30,000. Ours: $24,500 – $44,500: −$25,000
Loan, holding, closing20% down, 12% interest, 2 points, 70 days: −$7,436
Profit32.8% of ARV · flippers want 10%+: $42,664
Works

Works for a flipper up to $82,000.

SPEEDY OFFERS

Sharon Jacob

No reviews yet

Comps

Sales

Rents

ARV $130,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $73,000.

The sales behind this value are shown to members.

ARV $130,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

SPEEDY OFFERS

Sharon Jacob

No reviews yet

Seller Description

Your next investment opportunity is at 1041 W 22nd St, a Lorain single-family home!

Delivered vacant at closing, this 2-bedroom, 1-bathroom property offers a straightforward value-add project. Key features include updated vinyl plank flooring in the main living areas, clean siding, front and rear decks, a detached garage, and a partially finished basement with hung drywall and solid mechanicals. The interior needs final drywall finishing, paint, and cosmetic touches to complete the rehab.

With recent area 2-bedroom sales reaching up to $130,000 and right down the street at 1501 W 22nd St selling at $134k—this property provides strong equity upside for a quick flip or high-yielding rental.

For more information and to schedule a visit please call or text 216-704-4758

DISCLOSURE: The entity offering this property is owned by one or more Ohio real estate licensees.