Available
$39,700(ARV: $115,000)39% of ARV

Grant County, Gas City, IN 46933

3 bd1 ba908 sfBuilt 1969

17 days ago

Gross spread$70,000

Description

Transaction Details Walkthrough Date: July 28th Closing Date: 30 days Occupancy: Tenant-Occupied Access instructions: Appointment only Earnest money required: $3K Proof of funds required: Yes 0 Property Condition Roof: Age/Condition 7 years old, no issues HVAC: Age/Condition Window units Plumbing: Age/Condition Good Electrical: Age/Condition Good Foundation: Age/Condition Good Interior: Good Comparable Properties As-is, smaller - 67K - [contact details hidden] As-is, nice, 80K [contact details hidden] Exit Strategy #1: Flip ARV: $115K CMV: $75K Purchase Price: $45K Estimated Rehab: $30K Total Cash In: $75K Estimated Gross Spread: $35K Exit Strategy #2: Rental Purchase Price: $45K Estimated Rehab: $10K Estimates Rent: $1010 Projected Monthly Operating Numbers Gross Rent: $1050 Vacancy Reserve, 8%: -$81 Property Taxes (est.): -$38 Insurance (est.): -$75 CapEx / Maintenance Reserve: -$50 Estimated Net Before Debt Service: $776/month Exit Strategy #3: BRRRR Potential Purchase Price: $45K Estimated Rehab: $10K Estimated ARV (refinance basis): $75K Total Cash Invested: $55K Refinance at 80% LTV: $60K Cash out amount: $5K Next Steps Contact us if you need more information Schedule a property walkthrough Make an offer directly on this page Submit proof of funds Sign assignment agreement DisclaimersIMPORTANT: This listing represents an assignment of a purchase contract, not a direct property sale. The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material. Time-sensitive opportunity - this contract is being offered to multiple investors

Price and status history

  1. $45,000 $39,700$5,300
    Aug 10, 2026 · 36d ago

Observed by our own harvest of the originating listing, not a public record.

Property

Bedrooms3
Bathrooms1
Square feet908
Lot size6,534 sf
Year built1969
ConditionLight Rehab
OccupancyTenant Occupied
ParkingDriveway

Systems & condition

Roof age4-10 yrs
HeatingFurnace · 0-5 yrs
Air conditioningWindow units
FoundationSlab
Foundation conditionExcellent

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing37
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