7355 Ryan St, Fayetteville, NC 28314 (3 BR – 2 BA – 1216 sq ft with new add on room in rear of home.)
This adorable 3 BR 2 BA 1216′ ranch rental needs approx $20K to get this one ready to be your next money maker!.
If you want to Rehab (Fix n Flip) this one, the ARV on completion comes in at $92K to $95K…as per the current “For Sale” and “Sold” COMPS in this zip code and neighborhood with exact criteria. Resale rehab would need approx $30K in love. This would translate into an approx $30K payday on re-sale for you rehabbers with approx a $25K – $30K facelift to get it sexy and “Brand New”!! Fayetteville is an EXTREMELY active rental and rehab market, as you may know.
(For you Landlords): Here’s your CAP RATE: $850.00 monthly rent x 70% = $595.00 mo / x 12 mos = $7,140.00 yr / divided by TOTAL Acquisition Cost of approx $60,000 (Purchase plus rehab cost) = 11.9% CAP!!!!
We know you’ve “heard it before”…. but…Please hurry! THIS one should go pretty quickly!!
To learn more about this Fayetteville, NC investment property message Len Spadaro directly, call me at:
919-554-6930 or send an offer to me ASAP!
Roof replacement, new kitchen with moderate appliances, renovate/update baths, sheet rock replacement, a bit of ceiling repair, all paint, carpet, flooring, hot water heater, possibly new or repaired HVAC unit, landscaping and cosmetics. Approx $30K needed for completion.
Reduce costs by:
Wholesale materials can be purchased with a contactor’s account at Lowes or a Home depot to save hundreds, maybe even a few thousand dollars.