25 Stetmore St Dubuque, IA 52001

This 2 bedroom / 1.5 bathroom property makes sense for any investor, even in today's changing real estate market. A perfect location for urban convenience in Dubuque. An easy turn-key BRRRR opportunity!

The property is vacant, contact Dispo Manager for viewing options.

Deal Takeaways:

Spacious Lot: Occupying a sizeable 8,460 square foot lot.

Easy BRRRR > Home Value: Estimated value of approximately $156,771 according to public records.

Buy cash and immediately refinance with equity

Foundation is level

Recently replaced windows and floors

Financials:

ARV: $156,000

Purchase Price: $89,500

Profit Details:

$156,000 ARV

(*) 94% for sale commissions

(-) $89,500 purchase price

(-) $5,000 rehab/make ready budget

(-) $5,000 closing / holding cost

(=) $47,140 profit

Rental Profit Details:

$1,350 market monthly rent

(-) $146 monthly tax

(-) $110 monthly insurance

(-) $135 property management

(-) $135 allocation for repairs, vacancy, etc

(=) $824 net monthly cash flow

Property Details:

1948 Year Build

No central air