Address: 513 Gulf Rd, Elyria, OH 44035

2-bedroom / 1-bathroom Single Family Home 

Property is occupied! Contact the Dispo Manager for access. Property will be occupied at closing! 

Deal Takeaways:

• Kitchen needs some love ❤️
• Cosmetic work needed around the house
• Foundation level needs siding
• Tenants to vacate property early next month 
• Clean property 🫧🧼
• Easy light flip /brrrr

Financials:

ARV: $150,000

Purchase Price: $82,700

Estimated Profit Details (Flipper/MLS Sale):

ARV: $150,000

(*) 94% for sale commissions

(-) $82,700 purchase price

(-) $20,000 estimated rehab costs

(-) $5,000 esti. closing / holding cost

(=) $33,300 profit

Estimated Rental Profit Details:

Current Rental Income: $800.00

(-) $160 monthly tax

(-) $110 monthly insurance

(-) $80 property management (estimated recommendation)

(-) $80 recommended allocation for repairs, vacancy, etc (estimated recommendation)

(=) $370 a month

Property Details:

1,782 Home Square Feet

7,405 SQFT Lot Size

Closing on April 1st, 2024