$40K in Equity. This is a short sale so the time frame must be quick to close. This house is a cream puff rehab. Repair costs have come in for as little as $15,000.00 to fix it up. House is functional; just a little out dated. Lots of potential with this home which sports a large yard. It has 3 bedrooms and 1 1/2 baths. Already has a new roof and furnace. Wow, this house is a must see! Price: $74,900. Rehab for: $15,000. House worth: $130,000 ARV. Ave Rent in area: $1100.
