Great OFF MARKET 3BR / 1.5 BA 1200′ Rental Deal!! For Sale

  • $46,000
  • 3 beds
  • 1.5 baths
  • 1200 sqft

907 Walker Ct, Fayetteville, NC 28311

One of our KILLER Wholesale Deals…with this adorable, recently rented, but now vacant 3 bed/1.5 bath/1200′ home in College Lakes on a cul-de-sac. New paint! Front yard has large shade trees (…if you wanna keep em’.) A bit overgrowth currently. House has lots of kitchen cabinet space, ceiling fans throughout, storage in the back of the house, and a large fenced in backyard, on almost 1/3rd of an acre.

GOOGLE MAPS LINK:

Here’s The Numbers:

Current ARV: = $100K (Based on recent F/S and SOLD comps pulled in this  zip and community. Do Your Diligence.) In brand new condition.

Rehab Needed: = $18K to $20K (Including new roof, carpet and flooring, some painting, baths and kitchen upgrades, a good landscaping, exterior cosmetics.)

REHABBERS:

Your Purchase Formula: = ARV x 70% = $70,000 minus approx $18K – $20K rehab costs.  

Gross Profit Potential (After our $46K purchase price + $20K rehab costs): = $34,000.00

Net Profit Margin (After approx 10% ($10,000.) closing/holding/soft costs): = $24,000

LANDLORDS: 

Rental CAP RATE (For you landlords): = Rents @ $850.00 mo x 70% = $595.00 mo x 12 = $7,140 NOI  divided by $66,000 (total acquisition cost of $66K  = buy price + rehab cost) = 0.108 -or- 10.8% Cap Rate.

ROI = 110.8 mos -or- 9.2 years.

This deal is based on the current comps you can pull for this property. The $100K is accurate regarding the similar sales in this zip code and common area that my co and our CMA specialists pulled for us. (In brand new, completed condition, of course.)

Deals like this one are relatively rare, having the moderate rehab needed and the rental neighborhood it’s in. In our opinion, although there is a $24K rehab profit realized, this would mainly be a GREAT rental property….you should jump on!!

PLEASE HURRY if seriously interested. Cash deal only. This one’ll be gone…., before ya know it!! Please Don’t delay…

CALL US TODAY!!

 

 

Price:
$46,000
Address:
907 Walker Ct
Fayetteville, North Carolina 28311
Square Feet:
1200
Lot Size:
0.26 acre (11,326')
Bedrooms:
3
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1971
Basement:
No Basement
Const. Type:
Brick/Wood Ranch
MLS #:
Off Market

Additional Features

As per REALTOR.COM: "This property has a current As-Is value of $71,000.00 The median sales price for the Pine Ridge area is $146,000. The $71,000 estimated value is 54.16% less than the median listing price of $154,900 for the Pine Ridge area with these specifications."

Call (919) 554-6930 for more details

Property Location