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$38,600 32% of ARV at $120K or 42% at $90K 3/1 with a detached 1bed/1bath apartment on a monstrous lot!  This is a great Cash flow property.  Bank says the property is worth $120,000. Comps show the property selling without the apartment at $90,000 with the apartment vary well could be $120+

Foundation is good (checked by two companies), Needs to be updated and kitchen floor needs to be redone. I estimate $20-30,000...depending on what you want to do. $20K to rent out

This is an REO that was not listed on the MLS.  The house is at 75% this includes assignment fees.  The repairs are currently $0.  This is turn key.  A renter is already in place and paying $900 per month.  No lease or downpayment money can be given because the bank took it over while the renter was still in the house.

At 75% this is a solid deal.  $120,000 purchase price still gives you $40,000 in equity and it is rented!  Hurry this won't last long!

3/2/2 1650 sqft living and total 2034sqft gross built in 2006 Wolf Creek Subdivision

3/1; carport; 1000 sq ft; built

ARV             $70,000

BCAD           $44,000

Purchase price:    $35,500

Repairs:                 $5,000  paint and landscape  

This deal is setting at 58% of ARV plenty of room for retail and low enough to make this cashflow very nice for the buy and hold investor.   

This is a good rehab project for the investor who is looking at buy/hold or owner finance options.  Great cash flow potential.  Needs work, but as rehabs go this is relatively light.  I estimate repairs right at $8-10,000.

The neighborhood is currently selling for $95,000 so with a sales price of $50,000+$10,000 in repairs= 63% of ARV get a hard money loan and not have to be out of pocket!  On a low conservative estimate if you sold it for $85,000 you are looking right at 70% ARV.  Again no matter how you slice it very little money out of pocket for you on a HM loan!  Hurry let's kick off 2009 with this winner!