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East Flat Rock, NC

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East Flat Rock, NC

$244,900 · EAST FLAT ROCK, NC 28726
Works for flippers · Landlords would lose money

Available

$244,900Asking price

2 bd · 1 ba · 1,842 sq ft · built 1920

EAST FLAT ROCK, NC 28726

Contract on file

via InvestorLift Classic

Listed Oct 14

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $360,000
Asking price: −$244,900
RepairsMiddle of the seller’s $40,000 – $60,000. Ours: $22,000 – $46,500: −$50,000
Loan, holding, closing20% down, 12% interest, 2 points, 80 days: −$27,218
Profit10.5% of ARV · flippers want 10%+: $37,882
Works

Works for a flipper up to $246,000.

THE SPEEDY CASH OFFER

Cara McCoy

No reviews yet

Comps

Sales

Rents

ARV $360,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $308,000.

The sales behind this value are shown to members.

ARV $360,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

THE SPEEDY CASH OFFER

Cara McCoy

No reviews yet

Seller Description

ARV: 360,000

Downstairs: 2 bedrooms / 1 full bathroom

1,842 Sqft

Built in 1920

.28 acre lot, 10yr old roof, 10yr old water heater,

Fix/flip opportunity to restore!

Ready for its next owner with some built in equity! Endless opportunities in historic neighborhood, "Little Charleston of the Mountains".

Comps:

85 Pennwood Ln, Hendersonville, NC 28739, sold $360,000, owner updates
422 Hebron Rd, Hendersonville, NC 28739, sold $346,000, full remodel
182 Wakti Ridge Rd, Saluda, NC 28773, sold $300,000, not updated
520 Valley St, Hendersonville, NC 28739, sold $300,000, not updated

More About This Property

Nearby Markets12 cities · 8 counties · 12 ZIP codes

Investorlift
NC
East Flat Rock
28726
EAST FLAT ROCK, NC 28726

Investorlift

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