Please check out the video at the right-Virtual Tour of the property
Step Ranch built in 1974, currently still looks like 1974 inside but very clean, if you are unsure of how to rehab or remodel I can take care of that for you, I have subcontractors already in place ;).
This is a 3 bedroom 1.5 bath home in one of the best parts of Oak Lawn. Brand New Home next door is selling for 450k+.
Asking Price $180,000 Appraised Value $250k after repairs
Remodel +25k so a remodeled sales price is 205k or "as is" 180k
205k x 7% = $14,350 per year in carrying cost + $4,650 for taxes and misc = $18,000
Should be able to easily rent for $1,500-$1,800 thus covering its own expenses and then sell in 1-2 years and make a healthy profit.
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