Summary
| Total After Repair Value | $135,000 |
| Total Optimized Rent | $1,200 |
| Total Current Rent | $0 |
| Asking Price | $50,000 |
Property
| Address | City | Bedroom | Bathroom | Sqft | Acres | ARV | Current Rent | Optimized Rent |
| 5360 Old Rural Hall Road | Winston Salem | 3 | 1 | 1,321 | .43 | $135,000 | $0 | $1,200 |
Comparables
| Address | City | Comp Link |
| 5360 Old Rural Hall Road | Winston Salem | https://triad.mlsmatrix.com/Matrix/Public/Portal.aspx?ID=DE-41392649045&eml=cG9tcGV5LnJvYmVydEBnbWFpbC5jb20= |
Details
| System | Notes |
| Roof | Flat Shingle – Replace |
| Heating | Oil |
| Air Conditioning | Window Units |
| Plumbing | Good condition, no reported issues |
| Electrical | Good condition, no reported issues |
| Windows | Vinyl and Wood, good condition |
| Occupancy | Tenant Occupied – Moving |
| Water Heater | Good condition, no issues reported |
| Water Source | City |
| Sewer Source | City |
Description
Solid property throughout for the most part. Living room needs joist/subfloor repair due to window unit leak damage. Bathroom could use renovation as well. Property is in decent condition, tenants are just dirty. Garage doors need to be replaced, we would recommend replacing the roof as well. Similar comp without a garage sold for 74K cash as is. Outdated comp sold for 125K without a garage. Full renovation would bring at least 135k conservatively probably much higher towards the 150K+ depending on finishes.
Showings
No showings without an acceptable offer. A walkthrough video is below.
Video Walkthrough
https://youtube.com/shorts/DWodFuY73hI?feature=share
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 SELLER’S CLOSING COSTS
$1,000 NON REFUNDABLE EARNEST MONEY DEPOSIT DUE AFTER VIEWING
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.