Wholesale Fix And Flip

Great Buy $ Hold

424 Lawn Ave NW, Canton, OH 44708

$51,000 After Repair Value -
$21,500 Asking Price -
$8,000 Cost of Repairs =
$21,500 Potential Profit

Property Details

Asking Price $21,500

After Repair Value $51,000

Costs of Repairs $8,000

Potential Profit $21,500

Living Area 1890 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income N/A

Yearly Expenses $483

Property Taxes N/A

Net Operating Income $625

Cap Rate N/A

Property Description

Two Bedroom; One Bath; 1,890 Square FeetBuilt in 1890Buy & Hold with EquityNewer Furnace Only 5 years oldPartial New Roof Less than 5 yearsDetached Garage 240 square feetNewer SidingRecent nearby sales 25k-59k NOT rehabbedARV/ Market Value $51,000 42% of ARV/ Market ValuePrice $21,500 Punch Out/Rehab $ 8,000Closing Costs $ 1,890Monthly Rent $ 625Cash on Cash Return 23.8%Expenses/ MonthlyTaxes $40.26Utilities Tenant PaysInsurance $45.00Monthly Net Profit Projection: $539.74

Repairs Needed

Cosmetics

CONTACT LISTING OWNER

Victor Valentin

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