Price Cut

Check out this cool little flip on a lake! 🛶

Hampton, Georgia
Lakefront on Lake Cindy
+4

Listings Stats

Published: Aug 24, 2023
Last Edited: Mar 29, 2024
Listing Type: Wholesale
Listing Status: Sold
Number of Views: 1073
Days On Flippery: 488
Number of Favorites: 2

The Numbers

Buy It Now Price: $105,000
Asking Price ($): $75,000
Prev.Asking Price ($): $119,000
After Repair Value: $200,000
Est. Cost of Repairs: $50,000
Est. Gross Profit: $31,000
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Real Estate Investment

Description of Property

Awesome potential as your next flip, rental or even airbnb. No HOA or lake dues (according to the seller)

Solid structure needing only cosmetic updates to brighten things up!

Description of Repairs

  • Plan on updates, including:
  • Flooring
  • Interior paint
  • Fixtures
  • Bathroom
  • Kitchen & appliances
  • Exterior cosmetics
  • Electrical and heat pump presumed good
  • Septic may need to be serviced
  • Access:
    Message Me
  • Build Year:
    1962
  • Home Area(sqft):
    1,034
  • Bedrooms:
    3
  • Heating:
    Heat Pump
  • Fireplace:
    No
  • Water:
    City
  • Property Type:
    Single Family Residence
  • Occupancy:
    Owner Occupied
  • Lot Size(acres):
    0.261
  • Bathrooms:
    2
  • Cooling:
    Central A/C
  • Foundation:
    Crawl Space
  • Sewer:
    Septic
  • Parking:
    Driveway

The Numbers

  • Asking Price ($):
    $119,000
    $75,000
  • As-Is Price/Sq Ft:
    $115.09
  • Est. Cost of Repairs:
    $50,000
  • After Repair Value:
    $200,000
  • ARV Price/Sq Ft:
    $193.42
  • Est. Gross Profit/Equity:
    $31,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash, Hard Money,
  • Est. Mthly. Rental Rate:
    $1,500
  • Rental Restrictions:
    No
  • HOA:
    No
  • Earnest Money Deposit:
    $5,000

Comparables

No info given

Property Inspection

Location

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