Updated over 4 years ago on .
What Can You Tell Me About This Deal?
I currently have this home under contract & I'm wanting your feedback on the numbers etc. Tell me what you think about a deal like this.
3/1
1017 sq ft
.25 acre cul-de-sac
1955
The roof- about 12 years old Hvac- about 8 years old
Laminate floors (living room)- about 3 years old
There is a 14K mortgage loan that the owners will pay off with their cash offer.
This is a C neighborhood, with several renters in the area. This area is beginning to “transition” with flipped homes selling between $130-200K in the 28031 zip code.
Within the last 120 days, homes within 1/4 miles of the 2212 Roosevelt Rd have sold for CASH between the $34K-$55K price point.
Asking: 37.5K
ARV: 600-777 monthly Rehab: 10K Tenant Occupied: Lease ends 8/2021
Tenant Rent: $400 Paying Tenant: Payment history available Lease Agreement: Available Updated
Laminate Floors: about 3years old HVAC: about 8 years old Roof: about 10 years old
Kitchen needs to be updated. Bathroom needs to be updated. No Flood zone. Recently painted interior walls. No tax liens
- Zoning: SF6
- Zoning description: Single Family Res 6
- Foundation: Crawl/Raised
- Roof: Composition
What do you think about this deal?