Lake County Flip over $150k Margin

Lake County Flip over $150k Margin

3 bed 2 bath 1680 sq ft Built in 1989 Single Family
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60
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
10/20
Location of Neighborhood
Far Close
8/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Don’t miss this rare value-add opportunity in Lake County, priced at only $99,900.

Based on price per square foot, this property is currently the third-cheapest home out of 2,858 active properties in all of Lake County. The home sits on nearly one acre of land in a quiet area, with several newer homes being built nearby.

The property will require a full renovation, but the comparable sales support the potential. Investors should review the comps carefully, as there appears to be plenty of room to create equity and generate a strong return.

As an additional opportunity, the neighboring lot may also be purchased for $14,900. A buyer could potentially place a mobile or modular home on the lot and either sell it or hold it as a rental for additional income.

This is an excellent opportunity for an investor looking for an affordable acquisition, a large lot, solid comparable sales, and multiple potential exit strategies.

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We recommend flip
Rental Income
$1,900 mo. / $22,800 yr.
Estimated Taxes
$1,757 / yr.
Maintenance
$250 / yr.
HOA Dues
$0 / yr.
$18,793
Projected Income
10.78%
Estimated APY
$77,200
Projected Income
40.04%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

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