Located steps from Iroquois Park, this two-bedroom home is situated on a large corner lot and features a large family room and an open dining room. There is an oversized detached two-car garage on the property as well as a storage shed. 

With an estimated rental rate of $1,250 this property will generate an estimated 10% ROI. Assuming a purchase price of $99,000 and $25,000 in repairs to make rent-ready this property qualifies for the 1% rule. 

ARV $180,000

Estimated Repair Cost for a flip $50,000

Estimated Repair Cost to make rent-ready $25,000

Property repairs needed:

Updated kitchen and bathroom

New roof on detached garage

Drywall/plaster repairs

Replacement windows

HVAC replacement

Interior paint/Exterior siding repairs and stain

Floor joist and subfloor repairs in back bedroom

Comparable Properties:

5431 Southview Dr - 2/1, sold for $212,000 on 10/27/23

5402 Bruce Ave - 3/1, sold for $179,900 on 10/17/23

7404 Peggy Ave - 2/1, sold for $174,900 on 12/28/23