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Rising neighberhood
1016 Cedar St Elizabeth City NC 27909
Active Investment
$150,000
Property Description
Description - Investor-grade renovation planned with modern finishes and upgraded Kitchen. Same layout + adding 100sqft.
Designed to maximize ARV and appeal to today’s buyer.
A strong value-add play with defined upside.
Property Details
Property Type
Single Family
Bedrooms
2
Bathrooms
1
Year Built
1950
Size
Floors
852 sqft
1
Business Plan
Purchase Price
Overhead Exp
Closing Costs
$109,000
$6,900
$3,000
Management Fee
Estimate Rehab
Unexpected
$0
$35,000
$3,500
Project time
4
months
Project total cost (All in)
$157,400
Investor Profit share
Investment
$150,000
Fixed rate (Yearly)
12%
+
From profit
0%
Title | Optimistic | Realistic | Pessimistic |
|---|---|---|---|
Selling Price | $204,000 | $199,000 | $194,000 |
Closing Costs 7.0% | $14,280 | $13,930 | $13,580 |
Project Profit (before Tax) | $32,320 | $27,670 | $23,020 |
Net Total Private investor profit | $6,500 | $6,500 | $6,500 |
Contact us
11220 W. Burleigh Street Suite 100
Wauwatosa, WI, 53222
+1 (240) 370-4580
Submit Your Details And We Will Get Back To You
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