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💰 This Week’s Deals: Land, Barns & Built-In Equity

💰 This Week’s Deals: Land, Barns & Built-In Equity

Four properties, four ways to win — all with land.

May 19, 2025
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💰 This Week’s Deals: Land, Barns & Built-In Equity
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This week’s deals are perfect for buyers who spot value before the crowd: a sub-$95K REO with a garage and rent spread, a lake-view ranch flirting with the 2% rule, a 4-bed on acreage with baked-in equity, and a farmhouse on nearly 3 acres with a barn and $2,600+ rent potential.

From tax-assessed discounts to land-backed flips, this batch is all about big lots, livable layouts, and high-margin rehabs.

Free readers get the sub-$95K REO. Paid members get all four.

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Distressed Deals of The Week

🏚️ 4-Bed REO with a Sub-$50/Sq Ft Entry

This 3-bed, 1.5-bath foreclosure spans nearly 2,000 sq ft and includes an updated kitchen, formal dining, and a detached 2-car garage — all for under $95K.

A livable layout and strong rent potential make this a rare 2% play for flippers or BRRR buyers who move fast.

🏞️ Lake-View Ranch with Rental Potential

This 3-bed, 1-bath single-story home clocks in at 1,886 sq ft with partial fencing and water views — sitting just under the $100K mark.

With a rent comp over $2K/month and a $40K discount to tax-assessed value, it's a low-cost, high-upside rehab near in-demand amenities.

🔧 4-Bed Fixer with Acreage and Equity

Spread across 1.1 acres, this 4-bed, 2-bath two-story offers 1,572 sq ft, a full basement, and attached garage — priced at just $92,500.

Comps suggest a $40K+ equity cushion, making it ideal for value-add investors who don’t mind a full cosmetic reset.

🏡 Farmhouse on Nearly 3 Acres with Huge Barn

This 4-bed, 1-bath home offers nearly 2,000 sq ft, a massive barn, and multiple outbuildings — listed at $114,900 after a recent price cut.

With a rent Zestimate north of $2,600 and a prior REO takeback of $138K, there’s instant spread plus income-layering potential from the land and barn.


2386 Main St, Collins, NY 14034

🏚️ Foreclosed 3-bed, 1.5-bath Colonial with nearly 2,000 sq ft on a quarter-acre lot — listed at just $94,900 or $49/sq ft.

This 1913 two-story has all the right bones: large living room with fireplace, formal dining, loft area, and a detached 2-car garage. Kitchen has been updated and there's a full basement for storage or finishing. It’s in a quiet rural pocket of Erie County with light local demand and solid rent potential.

💡 Pro Tip: With a Rent Zestimate around $2,247/mo, this is one of the few opportunities in New York that still brushes the 2% rule. Comps in similar condition range from $130K–$160K, giving flippers a cushion and BRRRR investors a clear refinance target.

💰 Financial Snapshot

Est. Market Value: ~$140K–$160K (based on comps)

Purchase Status: Judicial Foreclosure

Current Ask: $94,900

Layout: 3 bed / 1.5 bath

Building Size: 1,956 sq ft

Lot Size: 0.25 acres

Year Built: 1913

Price per Sq Ft: $49

Rent Zestimate: ~$2,247/mo

Annual Taxes: $1,712

Assessed Value: $38,500

⚠️ Heads Up

Over 110 years old — assume some dated systems (plumbing, electrical, HVAC)

Septic tank instead of public sewer

No active Zestimate = may reduce buyer competition, but also means more due diligence

Needs cosmetic updates and mechanical checks before occupancy

🏆 Best Play

Ideal for:

BRRRR investors chasing 2% cash flow in flyover markets

Rehabbers targeting sub-$150K exit flips

Landlords comfortable with C-class tenants and light value-adds

Why it works:
At $49/sq ft with a decent layout, garage, loft space, and updated kitchen, this is an under-the-radar foreclosure with cash flow upside. It’s not turnkey — but it’s not a gut job either. With comps in the $140Ks+ and rents near $2,200, this is a margin-rich rehab with multiple exit ramps.

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