$17,500 · WINSTON-SALEM, NC 27105
Works for flippers · Works for landlords

Sold

$17,500Asking price

3 bd · 2 ba · 1,548 sq ft · built 1968

WINSTON-SALEM, NC 27105

No contract on file

via InvestorLift Classic

3 views · listed Oct 9

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $230,000
Asking price: −$17,500
RepairsMiddle of the seller’s $40,000 – $50,000. Ours: $74,500 – $124,000: −$45,000
Loan, holding, closing20% down, 12% interest, 2 points, 78 days: −$8,064
Profit69.3% of ARV · flippers want 10%+: $159,436
Works

Works for a flipper up to $145,000.

TOTAL HOMEBUYERS

Severin Grundvig

No reviews yet

Comps

Sales

Rents

ARV $230,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $213,000.

The sales behind this value are shown to members.

ARV $230,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

TOTAL HOMEBUYERS

Severin Grundvig

No reviews yet

Seller Description

NEW OFF MARKET DEAL WINSTON SALEM, NORTH CAROLINA 27105

Phone Number: ******

ASK $17,500.00

ARV $230,000.00

*********, WINSTON SALEM, NORTH CAROLINA 27105

This property in it's current condition could use updates to get to it's top-tier level. This home could either be a easy flip for an investor or even turned into a rental property. Property is currently vacant. The seller financing terms has a balance of $110k with a 0% interest rate and a monthly Payment of $1,000.00 and a $17,500.00 entry fee. comparable properties in the area are getting $1,500-$1,700 in rent monthly, so even for a rental you would get a 16.06%+ cash-on-cash return or a monthly cash flow of $500-$700. Comparable flips in the area are selling for $230k+.

Property Highlights:

Floor Specs: 3 bedrooms / 2 bathroom
Square-Footage: 1,548
Built In 1968
Heating: 14 years old
Flooring: Hardwood
Roof: 16 years old
Windows: 11 years old

Seller Financing Details:

Loan Balance: $110,000.00
Monthly Payments: $1,000.00
Interest Rate: 0%

Comps:

5141 Butterfield Dr, Winston Salem, Nc 27105 ( Sold For $235,000 on 4/02/26)
4246 Northampton Dr, Winston Salem, NC 27105 ( Sold For $225,000 on 10/17/25)
5207 Butterfield Dr, Winston Salem, NC 27105 ( Sold For $221,000 on 6/02/26)

Message for access and to confirm final asking.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER / SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action