Selling Wholesale at 63% of ARV
2069 Newark Street, Aurora, CO
After Repaired Value (ARV)
$125,000Estimated Repairs (Depends on Flip or Buy & Hold Exit Strategy)
$20,000Your Purchase Price (61% of ARV or $5,000 below the buying formula)
$79,900
Rents
$1,100 - $1,200 / monthExit
Fix & Hold with a cash-out refinance and cash flow in an area anchored by economic growth.Details
Ranch
1,618 sf
4 bed
2 bath
1 car garage
Full finished basementCheck out the comps. Investor's are buying aggresively in the mid $80,000. There is limited resale activity with very good rents. REO pressure is keeping distressed prices low, but the area is anchored by surround economic job centers.
