817 E Gift Ave Peoria, IL 61603

This 1929 built, 2 bed / 1 bath property in Peoria, IL makes sense for any flipper or rental investor, even in today's changing real estate market. Already occupied and cash flowing.

Financials:

ARV: $76,000

Purchase Price: $50,000

Profit Details:

$76,000 ARV

(*) 94% for sale commissions

(-) $50,000 purchase price

(-) $0 rehab buget

(-) $3,000 closing / holding cost

(=) $18,500 profit

Rental Profit Details:

$900 monthly market rents

(-) $125 monthly tax

(-) $60 monthly insurance

(-) $90 property management

(-) $90 allocation for repairs, vacancy, etc

(=) $535 net monthly cash flow

Property Details:

2 Beds / 1 Bath

1929 Year Build

1,014 Home Square Feet

4,792 Lot Size

April 7th, 2023 Closing

Occupied at Close

No apparent issues with foundation, roof, electrical, or plumbing

Recent Updates:

2012 - New roof