Asking price is less then 25% of ARV and the all in number including rehab should be less then 50% of ARV!

The house is wood frame on a block foundation and everything needs to be renovated or replaced including HVAC, doors and windows, gutters, siding, kitchen, bathrooms, drywall, flooring and paint. Estimating a $40/sqft full remodel at $53,600 which will put the all in number around $85,000 after closing and holding costs. That leaves well over $100k in potential profits!

The comps range from 1890-1958 builds, average 1,340 sqft, and all under .88 miles away.

Comps:

737 Brown Ave - $228k - 06/21

809 Pacific Ave - $236k - 08/21

517 Brown Circle Dr - $226k - 10/21

304 Pacific Ave - $189k - 07/21

600 Retan Ave - $225k - 06/21