Off-Market Cosmetic Flip in Frankford Area Philly -- we have it under contract direct with the seller and we are looking to assign the contract to the right investor who likes this area of Philly. ----
Financials:
ARV: $315,000
Purchase: $160,000
Rehab: $55,000
Holding (5 mo @1%): $10,750
Selling Costs (8%): $25,200
All-In: $225,750
Net Profit: $64,050
ROI: 28.4%
Comparable Sales (Supporting ARV)
Address
Beds/Baths
Sq Ft
Sold Price
$/SqFt
Notes
4272 Torresdale
3 / 2
1,270
$250,000
$197
Average update
4575 Worth
3 / 2
1,378
$315,000
$229
Full renovation
2096 Granite
3 / 2
1,305
$260,000
$199
Light update