This property has great earning potential with a high rehab ROI (46%) and a positive monthly cashflow ($211). This one won't last long. Here is a summary of the numbers: Rehab and Sell Exit Strategy Purchase Price: $16,000After Repaired Value (ARV): $75,000Rehab Cost: $25,000Rehab Time: Less than eight weeksTotal Holding Costs (based on five month rehab and hold time): $1,840Total Project Cost Basis: $42,840Projected Sale Price (90% of ARV): $67,500Projected Cost of Sale: $4,725PROFIT: $19,935Return on Investment (ROI): 47%Annualized ROI: 112%Check out the full numbers by clicking the "Property Website" link.
Off market
$76,023
107 Swan Lake Ave, Monroe, ME 04951
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Apartment
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$2,325 Estimated rent