Selling Wholesale at 59% of ARV
2580 S. Julian Street, Denver, CO
After Repaired Value (ARV)
$139,900Estimated Repairs (Depends on Flip or Buy & Hold Exit Strategy)
$17,000Your Purchase Price (59% of ARV or $5,000 below the buying formula)
$83,000
Rents
$1,100 - $1,150 / monthExit
Fix & Flip in the $140,000 range or hold with a cash-out refinance and cash flow.Details
1-1/2 Story
1,124 sf
3 bed
1-1/2 bath, add a small 1/2 bathroom upstairs between the bedrooms
1-1/2 car garage
Already remodelled kitchen (look at photo's)
Good lot
New roof
Newer windows
No basementCheck out the comps. 2 bed, 1 bath remodelled selling for $130,00 to $145,000 with approximately 700 sf. Solds jump to over $150,000 at around 1,100 sf, subject is 1,124 sf.
