Property Details

TITLE:

Off Market Fix and Flip in Illinois

CONTROL:

Owner

VALUE:

$50,000

LOAN:

EQUITY:

$50,000

TYPE:

Homes/Condos

HAVE:

Single Family Home in my SDIRA - needs cash to renovate. Potential to be a strong rental or Fix and Flip

ADDRESS:

301 Edgewood Dr., Belleville, Illinois

BENEFITS TO NEW OWNER:

Ability to control property "fix and flip" with NO debt service for short time. Property Management in place.

301 Edgewood Dr.

GROSS SCHEDULED INCOME:

$14,400 Projected

VACANCY LOSS:

$1,440

GROSS EFFECTIVE INCOME:

$12,960

EXPENSES:

$2,400

NOI:

$10,560

DEBT SERVICE:

CASH FLOW:

$10,560

CAP RATE:

21.12%

BENEFITS SOUGHT:

Owned in SDIRA. Looking to partner to fix and flip and move into another project. We can partner on rental.

REMARKS:

ARV 150k to 160k. Needs 60k of work. Needs roof, flooring, paint. I have a video if interested.

COUNSELOR:

Tommy Restivo

Swope Investment Properties

1161 W River St.

Boise, , 83702

Phone: 502.599.4446