This property is a 3 bedroom, 2 bath 1994 manufactured Double Wide Residence consisting 1,848 sqft and is perfect for the buy-and-hold or fix-and-flip investor. The home needs heavy repairs but with the low purchase price of the property there is plenty of room for profit. Sales indicate this property's ARV is above $70,000. Investors can expect an all in price of $50k-$55k which equates to a whopping 30%-40% ROI! If you decide to add this property to your rental portfolio you can expect approximately $700-$750/month in rent. The rehab is expected to cost approximately $35,000, resulting in an annual ROI of approximately 12.6% to add to your rental portfolio.
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