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 Breathtaking views of Grandfather Mountain just minutes from Ski resorts and ASU. Seven Devils Investor Special with Nice ROI!

  • House
    1760 acre
    bedroom 4 Bedrooms
    bathroom 2 Baths
  • Flip
    $107,000
    Status : Available
    Year Built : 1971
 Description
ARV $270k+/-
REHAB EST $70k+/-

BED: 4

BATH: 2.5

SQFT: 1760

ACRES: 0.35

EXTERIOR: Wood Frame

YR BUILT: 1971

UTILITIES: CITY

MARKET RENT: $1800+/- MO

Assignable contract, cash buyers only please, thanks.

FULL REHAB NEEDED:

Has been mostly gutted. $20k already invested in material and labor. Permit for foundation, grip tite materials (earth anchors) $7k, materials & misc $5k. Demoed interior, installed upper anchors to house & retaining wall. Poured new footings in basement for intellajacks. There are no roof leaks but will probably need replacing. Will need flooring, paint, drywall, kitchen appliances and replace windows. Once rehabbed this property has the potential to pull $200+/- per night on VRBO or as an airbnb.

Click below to view comps, engineering report videos, and pics.
https://drive.google.com/open?id=17G8ReSMFToJ-3c_akH2l5pZv2zzoVeOU




 Rehab Work Needed
  • Appliances
  • Bathroom
  • Bedroom
  • Electricity
  • Floor
  • Kitchen
  • Living Room
  • Master Bedroom
  • Open Floor Plan
  • Paint Interior
  • Roof
 General Amenities
Image Gallery

 Summary

Overview
Breathtaking views of Grandfather Mountain just minutes from Ski resorts and ASU. Seven Devils  Investor Special with Nice ROI! Flip
$107,000
Property ID: NC200173352
Address: Login to View
City: Seven Devils
State/Province: NC
Zip Code: 28607
Country: USA


Flip Analysis

+ Purchase Price: $107,000
+ Purchase Closing Cost: $3,210
+ Rehab Cost: $70,000
Total Acquisition Cost: $180,210


+ Selling closing cost: $8,100
+ Agent Commision : $8,100
+ Insurance (6 Months) : $500
+ Utilities (6 Months): $500
+ Miscellaneous Expenses: $500
Total Holding Cost: $17,700


Total Flip Cost: $197,910
Projected ARV: $270,000
Net Income (Profit): $72,090
CAP Rate: 36.43%

 Message

7 X 2 = ?