Wholesale Fix And Flip Cash Flowing

Awesome Flip or Hold In Chatham

8824 S Indiana Ave, Chicago, IL 60619

$255,000 After Repair Value -
$115,000 Asking Price -
$65,000 Cost of Repairs =
$75,000 Potential Profit

Property Details

Asking Price $115,000

After Repair Value $255,000

Costs of Repairs $65,000

Potential Profit $75,000

Living Area 1102 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms N/A

Parking 2

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $1,550

Yearly Expenses $4,500

Property Taxes $2,340

Net Operating Income $1,175

Cap Rate N/A

Property Description

Fix & Flip: This 3 bed Chatham home is investor ready and priced to move. Home is in need of some cosmetic updates and upgrades; add your creative touch to maximize your return on investment. All mechanicals are functional, home has a solid foundation, and the roof in good condition. Home is near restaurants, shopping, schools, and conveniently located a few blocks from the Dan Ryan Expressway. Fix & Flip this for a hefty payday! ARV: $250,000.Buy & Hold: If you seek passive income, no need for a major overhaul…Home is rent-ready! Place a tenant and begin to watch the cash flow. Rental rates $1350-$1600/mo. Cash Flow Of Over $700/Mo.

Repairs Needed

Home would need updates and upgrades to maximize profit. All current systems are functional and in good working condition.

CONTACT LISTING OWNER

Dave Smith

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