👑 Salem, OR Flip | Roof, Siding & Windows Already Done 👑
Asking Price: $199,000
Call for Walkthrough!
The expensive exterior work is handled. New roof, siding, and windows went on within the last 4–5 years, so your budget goes to the systems inside on a 0.24-acre lot.
🏠 Property Snapshot
3 bed / 2 bath, ~1,215 sqft
0.24-acre lot
Built 1962
ARV: $399,000
⭐ Highlights
0.24-acre lot on a cul-de-sac-style street
Bathroom can be reworked into a full primary bath
Freestanding wood-burning stove in the living room
Attached garage with driveway
Covered front porch
Fenced backyard
Detached storage sheds
Near parks and outdoor recreation
✅ What’s Already Done
New roof (within last 4–5 years)
New siding (within last 4–5 years)
New windows (within last 4–5 years)
🔧 What’s Left
Full electrical replacement
Electrical panel upgrade
Full repiping
Plumbing repairs
Insulation
Subfloor repairs in kitchen and bathroom
Cleaning
💵 Flip Numbers
Purchase Price: $199,000
Est. Rehab: $90,000
Buy Side Closing (title/escrow): $4,000
Holding Costs (1%/mo x 4 months): $7,960
Listing Sale Side Commission (1.5% of ARV): $5,985
Buyer’s Agent Commission Sell Side (2.5% of ARV): $9,975
Total All-In: ~$316,920
ARV: $399,000
💰 Est. Profit (w/ Hard Money): ~$82,080
💰 Est. Profit (Cash/Own Funds): ~$90,040
🔗 ARV Comps
https://www.zillow.com/homedetails/351-Elma-Ct-NE-Salem-OR-97301/53012024_zpid/
https://www.zillow.com/homedetails/208-44th-Ave-NE-Salem-OR-97301/53012274_zpid/
https://www.zillow.com/homedetails/275-Kenwood-Ave-NE-Salem-OR-97301/53003132_zpid/
https://www.zillow.com/homedetails/142-45th-Ave-NE-Salem-OR-97301/53019846_zpid/
📌 CIK Terms: $10K non-refundable EMD due within 24 hours of mutual acceptance. Buyer pays all closing costs. AS-IS sale — informational inspections only, no renegotiations. No assignments. Brokers welcome with pre-disclosed representation.
Please contact us via DM or call if you have any other questions (503) 404-4532
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
