🏡 Fix N Flip or BRRR Opportunity in Columbus, OH!🏡

Franklin County, Columbus, OH, 43230
Sold
Listed at: June 4th, 2024
Price
$220,000
ARV
$395,000
Gross Margin
$175,000
Sq. Footage
2012
Type
Single-Family
Parking
Driveway
Year build
1979
Lot size
0.17 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

🏡 Deal Details:

  • Address: 5264 Sweet William Ct, Columbus, OH 43230
  • Type: Single Family Home
  • Bed/Baths: 4 Beds 2 Bath
  • SQFT: 2012 sqft
  • After Repair Value: $395,000
  • Year Built: 1979
  • Repairs: Needs updates and minor cosmetic repairs

📊 Comparables (Comps): To help you assess the property's potential value, here are recent sales of similar properties in the area:

  • 3711 Harborough Dr, Columbus, OH 43230 - $330,000 (3/2024) (one less bedroom, 650 sqft smaller)

  • 4460 Bitterroot Dr, Westerville, OH 43081 - $360,000 (4/2024) (5 years older)

  • 5672 Burtnwood Way, Westerville, OH 43081 - $400,000 (4/2024) (same sqft and bathrooms)

Investment Highlights:

  • 📈 Projected Rent:

    • 4-Bed Unit : $1,745/month - Fair Market Rent

    • Total Gross Income Annual: $20,940

     

  • Fix n Flip Potential Returns:

    • Purchase Price $235,000

    • Repair Cost Estimate: $65,000

    • After Repair Value: $395,000

    • ROI - $95,000

  • 💼 High ARV: Potential for a significant increase in property value post-renovation.

  • 💰 Low Purchase Price: Acquire this property at a competitive price of $235,000.

  • 🏡 Strong Appreciation: Columbus's growing market presents excellent opportunities for property value appreciation.

  • 🔑 Flexible Investment: Perfect for both fix and flip investors or those looking to buy and hold.

  • 🌟 Top Rental Market: Columbus is one of the best rental markets in America, ensuring strong demand and rental income.

  • 🏡 Great Neighborhood: Located in a desirable area with high property values and low vacancy rates.

  • 📈 Phenomenal Property: With 4 beds and 2 baths, this home offers plenty of space and potential.

     

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Teeshan Udayakumar (845 -238 - 4717)

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