$182,000 · WINSTON-SALEM, NC 27107
Works for flippers · Low return for landlords

Available

$182,000Asking price

3 bd · 2 ba · 1,636 sq ft · built 2001

WINSTON-SALEM, NC 27107

Contract on file

Price Drop

via InvestorLift Classic

7 views · listed Oct 30

Works for flippers

Low return for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $295,000
Asking price: −$182,000
RepairsMiddle of the seller’s $25,000 – $30,000. Ours: $18,500 – $38,000: −$27,500
Loan, holding, closing20% down, 12% interest, 2 points, 71 days: −$20,621
Profit22.0% of ARV · flippers want 10%+: $64,879
Works

Works for a flipper up to $215,000.

POLAR BEAR ACQUISITIONS LLC AND ASSOCIATED ENTITIES

Mikey Azougui

No reviews yet

Comps

Sales

Rents

ARV $295,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $258,000.

The sales behind this value are shown to members.

ARV $295,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

POLAR BEAR ACQUISITIONS LLC AND ASSOCIATED ENTITIES

Mikey Azougui

No reviews yet

Seller Description

4165 Meredith Woods Ln, Winston-Salem, NC 27107

Property Details: 3 Bedrooms / 2 Bathrooms, approximately 1,636 Sq Ft, built in 2001, on approximately a 0.22-acre lot. The home is a 1.5-story single-family property featuring a garage, fireplace, central cooling, forced-air natural gas heating, and vinyl/aluminum siding.

Area comps include 4137 Meredith Woods Ln sold for $299,000, 4220 Mae Len Dr sold for $308,000, 521 Croydon Ln sold for $325,000, and 3730 Muddy Creek Ct sold for $300,000. After adjustments for differences including square footage, bathrooms, lot size, and stories, the comp report supports an estimated ARV of $295,000.

Asking Price: $195,000 Estimated Renovation Cost: $25,000 Total Investment: $220,000 Estimated ARV: $295,000 Projected Gross Profit: $75,000 Projected ROI: 34.1% 70% Rule Check (MAO): $181,500 ($295K × 70% − $25K rehab)

The property offers over 1,600 Sq Ft, a garage, and a relatively newer 2001 build, with nearby comparable sales reaching $300K–$325K. With an estimated $25K renovation and a $195K asking price, this presents a value-add opportunity for an investor targeting a resale around $295K.

CONTACT MIKEY FOR MORE INFO 646-510-3087

OCCUPIED – DO NOT DISTURB OCCUPANTS. SHOWINGS BY APPOINTMENT ONLY. VACANCY AT CLOSING TO BE CONFIRMED.