Fix and Flip or Great Rental

Sold
  • $69,000
  • Beds: 4
  • Baths: 1
  • Sq Ft: 2000

2000 sf main house 4/1, plus (permitted) mobil home guest quarters (approx. 400 sf), 2 car garage, fully fenced corner lot with RV parking.

Fix and flip or Great Rental (21% ROI) , priced at 40-50 cents on the dollar!

Flip numbers:

Purchase Price $69,000
ARV= $150-175k
Repairs/rehab $20k (needs flooring, paint, misc.)
Cash only, EMD=$5000, closing May 21st or sooner.

Buy and Hold rental numbersRehab $5,000 (make rent ready)
Main house rent $950
Guest quarters rent $650
Gross income= $1600/mo
GSI=$19,200
Expenses 20%. $3800
Management assistance available if needed.
ROI=21 %

Price: $69,000
Address:15771 M St.
City:Mojave
State:CA
Zip Code:93501
Square Feet:2000
Bedrooms:4
Bathrooms:1

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