$142,000
280 Roy Phillips Rd , Jonesborough , TN 37659
Current Rent **
$1,200
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Low
Flip This House - Make $78,000 Profit
Contract for Assignment: Asking 142k, Repairs 30-40k, ARV 260k
Address: 280 Roy Phillips Rd. Jonesborough, TN
3 bed / 3 bath 2,600 SF 2.9 acres
ARV: $260,000
Comparable Sales (within 2 blocks)
- 375 Ridgecrest Rd. 3/3 2,600 SF - $296,000 1/16/2018
- 1318 Heritage Ln E 3/3 2,288 SF - $269,500 11/18/2016
- 27 Vesta Sue Ct. 4/3 2,895 SF - $252,000 5/14/2018
Tax Appraisal: $204,700
Asking: $142,000 (includes assignment fee)
Repairs: $30,000 - $40,000
Pictures: https://photos.app.goo.gl/wrBpaLAxKCR1CdLF8
Needs all the normal upgrades, paint, flooring, and appears could use a new heat pump. Garage has a nice office area in it and that is where you will see the wood paneling and window ac unit.
Wholesale Assignment, Terms of Contract:
Closing to take place on or before 5-31-19
Cash or cash equivalent due at closing
Buyer pays closing costs
$1,000 Non-refundable deposit required with assignment of contract
Mark Fletcher
Sell My House Fast Johnson City LLC
Cell: (423) 341-7964
[email protected]
Property is near: Johnson City Bristol Kingsport Asheville NC Knoxville Maryville Morristown Elizabethton Sevierville TN
Location:
280 Roy Phillips Rd , Jonesborough , TN 37659
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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