WINTERVILLE, NC 28590

OverviewGreat buy and hold opptorunity in Winterville. Home will be delivered vacant at close. Big ticket items have already been addressed. 0.23 Acre lot thats hooked up to city water and sewer. This one WILL GO FAST!

Investment BreakdownFLIP:ARV: $200,000Purchase Price: $90,000Rehab: $40,000All in: $130,000Gross Profit $70,000RENTAL:Purchase $90,000 + Rent Ready Rehab $20,000 = $110,000$1,400/mo Market Rent-$36/mo Tax-$80/mo Insurance$1,284 Monthly Cash Flow x 12 = $15,408 Yr Cash Flow$130,000 Investment = 14% Cash on Cash Return!

**Property Address:** 2483 Railroad St, Winterville, NC 28590

**Asking Price:** $90,000

**PHOTOS**

Property Details

• Type: Single Family Home

• Specs: 3 bed / 1 bath

• Size: 1295  sqft on 0.23 acres

• Year Built: 1940

Occupancy: Vacant at CloseAS-IS PURCHASEPREFERRED LENDER

Big Ticket ItemsROOF— 2018HVAC — 2022HWH — 2022UTILITIES — CITY WATER AND SEWERFOUNDATION —CRAWLSPACE  Comparable Sales Breakdown

SFH Rental• 110 Hammond Street, Winterville, NC 28590–  Sold @: $171,000 > turned into rental @: $1,450/Month– Listing: HERE SFH Rental• 226 Tyson St, Winterville, NC 28590–  Sold @: $  155,000 > turned into rental @ $1,600/Month– Listing: HERE SFH Flip• 2414 Glenda Street, Winterville, NC 28590–  Sold @ $105,000– Listing: HERE SFH Flip• 326 Kennedy Street, Winterville, NC 28590–  Sold @ $100,000– Listing: HERE

Next Steps

• Contact Jason Martinez 984-355-9900 if you need more information
• Schedule a property walkthrough
• Make an offer directly on this page