This week deals

Currently this property is 45k and the estimated value is 183k.

This is a 2/1 with 872 sq ft. of living space

The estimated amount of equity in this property is 138k.

Other properties within 1 mile radius sold recently for the following prices

2/1 sold on 7/28/08 for 200k

2/1 sold on 7/10/08 for 180k

3/2 sold on 10/21/08 for 205,000

3/2 sold on 8/21/08 for 230,000

3/2 sold on 8/4/08 for 265,000

As an investor, you could convert this home into a 3/2 and increase the property value by as much as 30 to 40%

Also as an investor, you may hold on to this property and leverage the equity or perhaps just add an aditional 100k to your net worth.