Summary
| Total After Repair Value | $100,000 |
| Total Optimized Rent | $900 |
| Total Current Rent | $465 |
| Asking Price | $60,000 |
Property
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 2403 Wilkes Street | High Point | 2 | 1 | 856 | 0.16 | $100,000 | $465 | $900 |
Comparables
| Address | City | Comp Link |
| 2403 Wilkes Street | High Point | https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-36594630118&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20= |
Details
| System | Notes |
| Roof | Metal, no leaks observed on walkthrough |
| Heating | Gas Furnace |
| Air Conditioning | Window Units |
| Plumbing | Good condition, no reported issues |
| Electrical | 150 amp |
| Windows | Wood windows |
| Occupancy | Tenant Occupied – $465/month |
| Water Heater | Good condition, no issues reported |
| Water Source | City |
| Sewer Source | City |
House is in great condition. Tenants would love to stay. Optimized rent is $900+. Flip activity in the area, two vinyl houses pending at a list price of 150K, all listings in the area have gone over ask with majority contracted under 10 days on market. Would may a great buy and old with equity. A house .1 miles away, with less curb appeal sold over ask for 84K cash in 8 days.
Disclosures
ASSIGNMENT OF CONTRACT, CASH OR HARD MONEY ONLY, MUST CLOSE WITH OUR ATTORNEY, SELLERS DO NOT YET OWN, SELLERS ARE LICENSED NC REAL ESTATE AGENTS AFFILIATED WITH LEGACY REAL ESTATE SERVICES.
BUYERS TO PAY ALL CLOSING COSTS
$1,000 NON REFUNDABLE EARNEST MONEY DEPOSIT DUE ONCE UNDER CONTRACT
TENANT OCCUPIED, DO NOT DISTURB, SHOWINGS ONLY AFTER ACCEPTED OFFER
TITLE IN THE PROCESS OF BEING CLEANED. EMD IS REFUNDABLE IF CLEAR AND MARKETABLE TITLE CANNOT BE OBTAINED BY CLOSING.