Need a buyer Portage Indiana
Condition: Updated flooring, kitchen, bathrooms. Roof ~12 years, furnace ~5 years. Pretty solid.
Comps:
Older mobiles in the same area: $15k–$50k.
Newer models (2020+): $75k–$85k.
Yours falls in the middle since it’s older but updated.
📊 ARV (After Repair Value)
Conservative: $40k–$45k
Mid-range: $45k–$50k
Optimistic (if in great shape): $55k
🛠️ Repairs
Light touch-ups: $3k–$6k
(since flooring & kitchen are updated, only minor work likely).
📈 MAO (Max Allowable Offer)
Formula: (ARV – Repairs) × 70%
Low Case ($45k – $6k) × 70% = $27,300
Mid Case ($50k – $5k) × 70% = $31,500
High Case ($55k – $4k) × 70% = $35,700
👉 To stay safe: Cap MAO ≈ $30k–$32k
💰 Lowest Allowable Offer (LAO)
Zach’s method = ~70% of MAO.
$30k × 70% = $21k
$32k × 70% = $22.5k
👉 Start your offer at $15k–$20k.
✅ Summary:
MAO: ~$30k–$32k
LAO / First Offer: ~$15k–$20k
Target Closing Price: $20k–$25k (ideal wholesale spread to cash buyer).
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4 comments
Alphonso Mallit
5
Need a buyer Portage Indiana
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