Wholesale

Nice Buy and hold/ Rental @ 14.71% cap / Flip propety

420 Peachtree Ln, Spartanburg, SC 29301

$46,000 After Repair Value -
$15,000 Asking Price -
$17,000 Cost of Repairs =
$14,000 Potential Profit

Property Details

Asking Price $15,000

After Repair Value $46,000

Costs of Repairs $17,000

Potential Profit $14,000

Living Area 560 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $900

Yearly Expenses $3,250

Property Taxes $550

Net Operating Income $4,160

Cap Rate 14.71

Property Description

I have a contract on a small 2bed/ 1 bath in spartanburg.Almost 600 sq ft.Needs full rehab with floors, cabinets, bath, and paint. Roof looks decent.Foundation seems solidWill need small heating and air unit.Avg. Rent in this area is 850.00 Im being concervative using a rent amount of 750.00 still getting 14.71 cap rateLocated in good neighboorhood, less than one minute from middleschool and daycare. Located less than 8 mins from I-26 and Westgate Mall.Buy and hold opportunity!If you would like more information give me a call/ text/ or email.Pictures and YOUTUBE video avaliable.*Must pay cash and close asap.*Will not consider owner financing or any other option.

Repairs Needed

New flooring, new cabinets, bathrooms, kitchen, paint

CONTACT LISTING OWNER

Willie Lewis

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