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Old 01-12-2006, 02:16 PM
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Default Rehab in Trotwood, OH 53% Below Market value

561 Miller Ave. Trotwood, OH

3 bed / 1 bath / utility room, den and bonus room used as a workshop
Sq ft 1200

Note: The house directly across the street just appraised at 106,000 it is comparable to this house when it is repaired, but has a larger lot size.

After repair Value: $85,000
Purchase price: $45,500

LTV: 53%
estimated repair cost: $5,500 includes exterior painting.
LTV w/ Repair Cost 60%

Estimated Profit Before Loan Cost: $39,500
Estimated Rental Market: $800 - $900

Please e-mail for for pictures, comps, and contractor estimate
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