Flip or Rent Springfield Triplex

Flip or Rent Springfield Triplex

4 bed 2 bath 3324 sq ft Built in 1909 Multi-family
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62
Occupancy Status
Low High
12 /20
Level of Rehab
Heavy Light
6/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This 1909 built duplex has four bedrooms and two bathrooms with 3,324 square feet of living space.  This home has great potential and very popular large porches. It will need a heavy rehab no matter which option you choose.  The choices we see are rehabbing the property and reselling it, rehabbing the property for a triplex, or using it as a short-term rental because the location is close to everything downtown.   Properties with this many options tend to move quickly, so contact your EquityPro Advisor today. 

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We recommend rent
Rental Income
$4,500 mo. / $54,000 yr.
Estimated Taxes
$5,160 / yr.
Maintenance
$1,000 / yr.
HOA Dues
$0 / yr.
$42,700
Projected Income
7.85%
Estimated APY
$107,050
Projected Income
18.36%
Estimated ROI

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