25 N Jefferson Ave
Amboy, IL 61310
25 N Jefferson Ave
Overview
This charming 3-bedroom, 1-bath home in Amboy, IL, is undergoing a complete transformation. With an “as-is” appraisal of $95,000 and an ARV of $245,000, the property offers an estimated ROI of 61.17% upon completion. Texas Property Development (TPD) has undertaken a full renovation, including new electrical, roofing, windows, kitchen, bath, and an updated upstairs area for added living space. With projected monthly rent of $1,345, this project is set for a profitable rehab and flip, with a minimum investment of $42,500 and a 6-month term at 11.5% ROI.
Beds
3
Size
1192 sq ft
Built
1911
Insurance Costs
$1320.00
ARV Appraisal
$245,000
Monthly Rent
$1345
Bath
1
Lot Size
10,390 sq ft
Property Taxes
$2522.00
As IS Appraisal
$95,000
Rehab Costs
$85,000 — Whole House Rehab
Monthly Cash Flow
$373
More Information
Purchase Price
$60,000
Down Payment
--
Date of Contract
March 8, 2024
Closing Date
July 19, 2024
Monthly Loan Payment
--
Exit Strategy
Hold/Rehab/Flip
Estimated Profit on Project
$92,463
Estimated Project ROI
61.17%
Buyer
Texas Property Development, LTD
Lien Position
1st
Funding Needed
$85,000
Terms
6 Months
Fixed ROI
11.5%
This property is undergoing a comprehensive rehab, taken down to the studs for a fresh start. Updates include a brand-new electrical system, a fully modernized kitchen and bathroom, new flooring, and upgraded hardwood interior doors. The exterior features a new roof, gutters, and windows throughout, enhancing both curb appeal and energy efficiency. Additionally, an upstairs storage area is being transformed into a versatile sitting area or office, adding approximately 550 square feet of usable space.
