FIX & FLIP OR BUY & HOLD SFH KOKOMO!
$65,000
3/2 SFH with high ARV offers a great opportunity to flip or buy and hold. Much of the demo has been done. This house has a covered front porch,back porch, brick driveway and a basement. Per owner, roof is 7 yrs old, water heater is 6 yrs old, electric has been updated and the A/C is newer. Plumbing needs to be updated and inside renovated. Reno costs $40k – $45k. Avg rental rates for 3/2 in this area is $1186! ARV is $176k!
Click for comps: mls_comp_20240319_102748.pdf – Google Drive
Why Kokomo?
Kokomo is set to be the home of a new electric vehicle battery plant that will employ 1,400 workers and mark a $2.5-billion investment in the city. This is a fantastic place for rentals and this demand will continue to increase. Please call, text, or email for additional information.