1170 Riverview Rd
Amboy, IL 61310
1170 Riverview Rd
Overview
This 6-bedroom, 2.5-bath property on Riverview Road in Amboy, IL, spans over 2 acres and is currently rented. Undergoing partial rehab, the project includes updates to the water well, in-ground pool, garage siding, and outbuildings. Interior improvements feature new windows, an updated kitchen, and a refreshed front entry. With an impressive 198% ROI and an estimated profit of $240,324, this 6-month investment offers a fixed ROI of 12.5%, making it a compelling opportunity.
Beds
6
Size
2542 sq ft
Built
1901
Insurance Costs
$2,736.00
ARV Appraisal
$325,000
Monthly Rent
$2,000
Bath
2.5
Lot Size
103,672.8 sq ft
Property Taxes
$4,565.00
As IS Appraisal
$234,000
Rehab Costs
$95,000 – Partial Rehab House and Outbuildings
Monthly Cash Flow
$1,392.00
More Information
Purchase Price
$0.00
Down Payment
--
Date of Contract
March 17, 2024
Closing Date
March 17, 2024
Monthly Loan Payment
--
Exit Strategy
Hold/Rehab/Flip
Estimated Profit on Project
$240,324
Estimated Project ROI
198.0%
Buyer
Texas Property Development, LTD
Lien Position
1st
Funding Needed
$95,000
Terms
6 Months
Fixed ROI
12.5%
This home, acquired from a family trust, is currently rented and in need of some updates. Planned improvements include a new water well casing and pump, repairs to the in-ground pool, new metal siding for a 3-car detached garage, and tornado-related repairs to two outbuildings. The main house will also receive new windows, an updated kitchen and family room, a new front door, and enhanced landscaping with a front deck.
