SFH 3/1 with 1,391 SF in South Bay. Estimated repairs $50K. Strong ARV of $275,000 offers 58% equity spread. Potential 20.9% gross rent yield at $2,000/mo. Wholesaler-vetted deal from Home Venture Investments.
3 Beds
1 Baths
1,391 Sqft
Built 1947
SFH
12,632 Sqft Lot
Asking
$115K
Wholesaler Price
ARV
$275K
Wholesaler Estimate
Spread
$160K
42¢ on the dollar
ARV Comparison
Wholesaler ARV
$275K
42¢ on the dollar
Rocket ARV
$272K
42¢ on the dollar
Overview
Big Tickets
Roof
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Property Details
Public Records
1
Stories
12,632 SF
Lot Size
Other
Exterior
Composition Shingle
Roof Type
B-1
Zoning
SOUTH BAY AMENDED
Subdivision
Highlights
$160K spread
ARV $275K
$50K repairs
$2,000/mo rent
Sales Comps
Rocket
Subject
Comp
Rental Income
Rocket
$1,650/mo
Market Rent Estimate
$1,290
$2,020
$19,800
Annual Rent
17.2%
Gross Yield
$1.19
Rent/Sqft
$550
Per Bedroom
Tax & Assessment
Public Records
Assessed Value
$108,902
Annual Tax
$2,295
Tax Year
2024
Effective Tax Rate
2.11%
Sale History
Public Records
Last Sold: 2018-12-26T00:00:00.000Z
$45,000
+511% appreciation ($230K) in 7 years
