Just came across an auction deal that checks all the boxes β low entry price, light rehab, and plenty of profit potential. π
π Property Details
π 3 Bedrooms / 1 Bathroomπ 1,800 sq ft
π‘ Light cosmetic work needed β great bones overall
π Located in a stable market thatβs not oversaturated
π The Numbers
π° Projected Auction Purchase Price: $25,000 (starting bid)
π Rehab Budget: $5,000β$10,000 (cosmetic refresh)
π Closing + Holding Costs: ~$13,000 (β10% of ARV)
πΈ Total Project Cost: β $43,000β$48,000
π After Repair Value (ARV): $110,000β$130,000
π΅ Projected Profit & ROI
If sold near the midpoint ARV of $120,000,
Profit: ~$72,000π ROI: ~150%+
π¬ Why I Like This Deal
β
Minimal rehab = quick turnaround time
β
Low starting bid leaves tons of room for margin
β
Strong spread between all-in cost and ARV
β
Located in a less competitive market = higher odds of winning the bid
If you were bidding on this one, whatβs the highest auction price youβd feel comfortable going to while still keeping a solid profit margin? Drop your number below π
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