Fix & Rent or Fix & Flip

1415 Meadowbrook Ave Se Warren OH 44484

Starting Price: $60,000

Repairs: $13,000-$20,000

ARV: $100,000-$105,000

Rent Range: $850 - $1,100

-Rentometer Report

3 Bed 1 Bath 1,092 Sq Ft

School District: Warren CSD

Taxes: $728

DUE DILIGENCE LINKS:

Property Pictures & Videos

Comparable Properties (plenty of supporting comps for 100k appraisal)

Repairs Needed: Scope of Work

Hot Rental Rehab in Warren OH, Howland School District. Probably a low profit flip unless you do all the work personally, but a GREAT BRRR DEAL. 

Buy it, Rehab it, Rent it, Refinance it!

Lockbox on house, it’s empty & easy to get in for a showing. This one will go quickly.

I can tee up my contractor on this deal if needed, it’s a really easy rehab. 90% paint & flooring which is EASY. Kitchen is already updated so consider just adding appliances for a rental, or don’t! 13-20k will get you to the finish line on this deal, all in for 80kish or less. Great cash out refi deal if BRRR is your game.

Basement: you’ll see a sister wall was built on the wall next to the driveway. About 8 years ago that wall had an issue so they poured the 12-14 inch sister wall to brace it long term, no current issue nor should there be long term. Above the sister wall, some of the cement covering application has come off. Cover that with drywall & the basement looks good. Brush off the effervescence from some areas of the other walls & paint for cosmetic purposes & this basement is pretty for a long time. No signs of water intrusion were visible. Signs of previous waterproofing around the perimeter of the front of the house at the base of the wall on the floor, but no further information is available.

Comparable properties provided in the Due Diligence links above fully supporting a 100k ARV.

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