Excellent 3 BR/2 BA Rehab or Rental Deal!! (Goldsboro, NC) Sold

  • $63,000
  • 3 beds
  • 2 baths
  • 1474 sqft

Take a good look at this really nice 3BR/2BA with 1474 sq ft, on about a 1/3rd of an acre with a great backyard and an extra building in the back, large enough for a shop, office, apartment, guest house, or just extra storage!! This is a great addition to this deal, for sure! This deal is in a quiet, middle class neighborhood with great people, great neighbors, and a sweet old lady that lives across the street 🙂

ON GOOGLE MAPS (If you’d like) 

Here’s your numbers:

ARV: = $130K (This was completed with our 2 buyers agents CMA’s and our company COMPS. This neighborhood comes in at approx $88.00 ppsf, after finished rehab is completed.)

Rehab Needed: = Estimate came in at $24K (…if you wanna make this house sparkle…in and out! Including updated kitchen, new baths, carpet and flooring, new sheet rock, paint, fixtures & landscape.)

Gross Profit Margins: = $43K (Minus your soft costs = closing/holding/misc = approx $14K)

Net Profit To You: =$29,000.00 (Based on our accurate numbers. Could be a bit more, especially if you do a “flat rate” commission @ Closing, etc.)

Rental Numbers (For you Landlords): = Rental Value @ $950 mo.

Gross Rental Income: = $11,400                                                                                                                  Insurance: ($1,200) Taxes: ($771) Maintenance: ($600)                                                                              NOI: = $7,980                                                                                                                                                              Cap Rate Comes In At: = 9.068% ($63K + $25K = $88K TOTAL acquisition /$7,980 NOI = 9.068 %)

Talk about a GREAT DEAL?? Don’t pass this one by!

Thanks very much for your continued business with us. We’ll keep the deals comin’!!!

 

Price:
$63,000
Address:
1005 Edgerton St
Goldsboro, North Carolina 27530
Square Feet:
1474
Lot Size:
0.34 acre - 14,280'
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1950
Basement:
No Basement
Const. Type:
Wood Frame
MLS #:
Off Market

Additional Features

Just minutes away from Seymour Johnson Air Force Base. Improvements: New windows, new roof and attic, new water heater, gas pack heating, and air conditioning window unit were all installed 2-3 years ago. Large building in the back that can be fixed up by eventual home owner to use as a shop, office, apartment, guest house, or just extra storage. NICE!!

Call (919) 554-6930 for more details

Property Location