Property Type: SFR
Beds/Baths: 3 Bed / 2 Bath
Sqft: 1,261 | Lot: 5,500 | Year Built: 1885
Occupancy: Vacant (Gutted corporate shell—demo complete)
ARV: $236,000-$300,000
Est. Rent: $1,400–$1,600/mo (Comps: $1,400/1,200 sqft; Zumper $1,465 3bd avg; Section 8 +$100-200)
Price/Sqft (ARV): $135–$150/sqft
Rehab Estimate: $50K rent-ready | $70-80K flip-ready
?? Rehab Scope & Costs (Rent vs. Flip)
Rent-Ready ($60-70K): Gutted—roof $8-10K; systems $12-15K; drywall/paint $8-10K; LVP/kitchen-bath basic $15-18K; yard/safety $5-7K +10% contingency.
Flip-Ready ($70-80K): +Premium (quartz $8-10K; hardwood $5-6K; staging $5K)—ARV +$10-20K.
?? DSCR Analysis
Gross: $1,500/mo ($18,000/yr)
Expenses (30%): $5,400/yr (taxes $2,220; ins/maint/vacancy)
NOI: $12,600/yr
DSCR: 1.25–1.40 (20% down $37K, 7.5% int.—qualifies; 1.45+ w/Section 8)
?? Flip Breakdown
All-In: $175-185K | ARV $236k-$300K | Gross Profit: $65K to +$135K
?? Rental Breakdown
Cap Rate: 6.8–7.2% | CoC ROI: 11–13% (20% down, $1,500 rents—14% at $1,600)
To set up a tour: Call or text 317-610-9834
For sale by owner
$125,000
618 Dupage St, Michigan City, IN 46360
4beds
1,261sqft
Est.:
SingleFamily
Built in 1885
5,500 Square Feet Lot
$151,800 Zestimate®
$99/sqft
$-- HOA
What's special
Rehab estimate
What the owner loves about this home
?? Why This Deal Works
?? Huge Profit Margins
?? Comes with all Brand NEW Windows
?? Value-add gut (photos: studs/yard overgrown—strong frame)
?? Stable lake zip: Low vacancy, Section 8 demand
?? Quick corporate close; I-94/no-HOA access
?? Rental strong (7% cap/DSCR buffer); modest flip upside
?? Under $200K all-in for passive/scale
?? Looking for More Off-Market Inventory? We offer:
?? Single-Family Rentals
?? Turnkey Cash Flow Properties
?? Light-to-Heavy Rehab Projects
?? Creative Financing & Seller Carry Deals
?? Browse full inventory at: www.reioffer.net
?? Contact Jamie Franklin | Acquire JDF Corp | 317-610-9834
*Looking for end-buyers ONLY!
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