Ideal Fix n Flip or BRRRR or LTR in Waycross GA!!! 31% OF ARV
Listings Stats
The Numbers
Description of Property
Quick Property Overview:
Size: 1622 sqft living space
Lot .26 acres
Year Built: 1920
Layout: 3 Bedrooms 2 Bathroom (3rd room doesn’t have a closet)
Brand New Metal Roof
Electrical updated
A/C works
Will need siding work and paint
Will need drywall, ceiling repairs, flooring and paint inside
Can be made into a rental for less renovation costs. Beats the 1% rule at about 1.5%
(rent Zestimate 1200.00 based on 2 bedroom) add a closet for a 3 bedroom for more!
Status: Tenant lives there and will vacate before closing.
Need to coordinate with tenant for viewing availability.
AVAILABLE TO VIEW NOW.
Location Highlights:
Jacksonville FL is just under 1-1/2 hours drive
Gilchrist Park is 1.5 miles away
Okefenokee Swamp Park 19 minutes drive
Jekyll Island on the Georgia coast is just over 1 hour away
Super safe area/Family friendly
Financial Highlights:
Asking Price: $35,000 plus closing/TC BUY IT NOW – 40,000 stop all other bids!
Moderate rehab
After Repair Value (ARV): set at approximately 113,000
Spread is over 69%
113,000 – 35,000 = 78,000 spread
Renovations will depend on your goals for property (CONSIDER A LOWER RENOVATION FOR A LOWER ARV & HIGHER RENT RETURNS)
EMD: $3,000
Closing Date: 9/18/2024 or sooner (ready as soon as you are & tenant is out) Could be significantly sooner!
Contact for more Information:
Stan Santini
Email: ***
Phone: ***-***-****
Description of Repairs
Will need siding work and paint
Will need drywall, ceiling repairs, flooring and paint inside
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Access:Message Me
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Build Year:1920
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Home Area(sqft):1,622
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Bedrooms:3
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Heating:Furnace
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Fireplace:No
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Water:City
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Property Type:Single Family Residence
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Occupancy:Tenant Occupied
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Lot Size(acres):.26
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Bathrooms:2
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Cooling:Central A/C
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Foundation:Crawl Space
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Sewer:Unknown
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Parking:Driveway
The Numbers
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Asking Price ($):$35,000
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As-Is Price/Sq Ft:$24.66
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Est. Cost of Repairs:$0
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After Repair Value:$113,000
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ARV Price/Sq Ft:$69.67
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Est. Gross Profit/Equity:$78,000
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Price Negotiable?:No
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Purchase Option:Cash, Hard Money,
Comparables
Closing Details
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Closing Attorney / Title Company:TBD
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Target Closing Date:September 18, 2024
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Details:COE 9/18/24 or sooner
Flippery, LLC does not guarantee the accuracy of any data presented. This data is solely provided by the site member.
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