$315,000 · RIVERSIDE COUNTY, WINCHESTER, CA 92596Works for flippers · Landlords would lose money
$315,000 · RIVERSIDE COUNTY, WINCHESTER, CA 92596
Works for flippers · Landlords would lose money
Available
$315,000Asking price
3 bd · 2 ba · 1,344 sq ft · built 1977
RIVERSIDE COUNTY, WINCHESTER, CA 92596
3 views · listed
Works for flippers
Landlords would lose money
The Numbers
- Sells for (comps’ value)The seller says $460,000
- $503,000
- Asking price
- −$315,000
- RepairsMiddle of the seller’s $55,000 – $70,500. Ours: $57,000 – $95,500
- −$62,750
- Loan, holding, closing20% down, 12% interest, 2 points, 85 days
- −$36,622
- Profit17.6% of ARV · flippers want 10%+
- $88,628Works
Works for a flipper up to $350,000. On the seller’s $460,000 it would show $46,918 profit.
Comps
ARV $460,000
Seller’s own value
The sales behind this value are shown to members.
Seller Description
Winchester, CA — 3/2 (walks as 3 tax shows 2) manufactured (1,344 sf) on a 6,969 sf lot. Comps-backed ARV: $460,000 with a 32% discount below ARV at the $315,000 ask, leaving a $46,918 projected flip profit (11% ROI).
HAS 433.
Flip case: Buy at $315,000 against a $460,000 ARV. The model shows a 10% margin with an estimated $46,918 profit and 11% ROI after executing the value-add.
Condition is a full gut. Budget range provided is $55,000–$70,500 to complete the rehab needed to reach ARV.
TENANT OCCUPIED THROUGH JANUARY 10. DO NOT DRIVE BY OR DISTURB THE TENANT.
$5,000 cash for keys has already been discussed. We can close now or wait until the tenant moves out and the property is delivered vacant.
I own the property. This is a direct sale, not an assignment contract.
Cash buyers or hard money ONLY.
contact:
Esteban (951) 265-3350
Joseph (951) 265-1927
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Figures from the seller unless a line says otherwise. Verify before you close.
