Property Description:
This is about as easy as they come. The seller wants a quick cash close, and is prepared to sell for a discount, in order to achieve that goal. The property is in excellent shape already. The roof was done in 2009. The ac system, water heater, electric and plumbing are all in good shape. The kitchen, baths, and other cosmetic parts of the house were already rehabbed. All you have to do is very small nit pick items to get this house back on the market.
You have a number of comps that make this house pretty easy to comp. Stuff that is similar in size and not rehabbed, are selling upwards of 400k. You have comps that would put you over 500k, but we feel the magic number is 499k, as your resale number on the back end. Property is vacant and ready to close.