Grant County, Gas City, IN 46933
3 bd1 ba908 sfBuilt 1969
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
- $45,000 → $39,700−$5,300Aug 10, 2026 · 36d ago
Observed by our own harvest of the originating listing, not a public record.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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