1715 S 9th St, Springfield, IL 62703

This 1940 built, 3 bed / 1 bath property in Springfield, IL, makes sense for any flipper or rental investor, even in today's changing real estate market. Prime location in Springfield!

Financials:

ARV: $60,000

Purchase Price: $27,000

Profit Details:

$60,000 ARV

(*) 94% for sale commissions

(-) $27,000 purchase price

(-) $15,000 rehab budget

(-) $3,000 closing / holding cost

(=) $11,400 profit

Rental Profit Details:

$1100 monthly market rents

(-) $109 monthly tax

(-) $70 monthly insurance

(-) $110 property management

(-) $110 allocation for repairs, vacancy, etc

(=) $701 net monthly cash flow

Property Details:

3 Beds / 1 Bath

1940 Year Build

1810 Home Square Feet

6,133 Lot Size

June 30th, 2023 Closing

Vacant at close

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

Roof approx 12 years old

Laundry in basement