Fayetteville | 3 Beds, 1 bath | Fixer-upper

3 Beds / 1.00 Baths • 1,170 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 1.00
  • 1956
  • 1170
  • 11326

Description

Extremely clean Fayetteville brick ranch prime for a rental or buy and relist on the market.

Property offers a newer HVAC and Roof and some updates already done cosmetically inside the house, its more than rental ready currently as it sits.

Estimated repairs around $5,000 at most for a good clean up/touch ups.

Market rents for the area are seeing around 1350/month. Chance for a rental play at a 10% cap rate with around 30-40k in equity. Great for a refinance at or close to 75% LTV.

Market value based on comps for the area are between 165-185k. There's comps in similar shape sold for 165k, with slightly more updated comps selling around 180k.

Inquire about the property for comps and to ask any questions.

Estimated Spread

  • ARV $170,000
  • Price $125,000
  • Spread $45,000

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