Off-Market Opportunity

I recently sourrced a property through my local network in a growing neighborhood. The purchase price was $120,000. After a thorough analysis, I projected a rehab scope of $30,000, primarily focusing on modernizing the interior and exterior. Holding costs are estimated at $8,000. Based on local market trends, I anticipate an after-repair value (ARV) of $180,000. Projected net profit is around $22,000. It's essential to note that off-market deals can be lucrative, but thorough property analysis is crucial to avoid potential pitfalls and ensure a successful project outcome.