For your next investment, try on this split level north of I-70 just west of Ballenger. You can either clean up the property and rent as-is or overhaul it to sell in our hot Columbia market. If you go the rehab route, the property needs updates throughout. But it boasts hardwood floors in all living areas on the two main levels. The basement is half finished and needs attention along with the garage. There is a spacious backyard and covered deck. Call Ron to schedule a walk-through.
After Repair Value: $89,500
Repairs for Flip:
Kitchen updates: $5000
Interior Paint: $3200
Exterior updates: $1200
PROFIT: $89,500 – $62,900 (price+rehab) – $6,300 (7% closing costs) = $20,300
(I Buy Mid-MO Houses is marketing a contract to purchase this property)