$90,000 · MOUNT AIRY, NC 27030
Works for flippers

Available

$90,000Asking price

2 bd · 1 ba · 1,084 sq ft · built 1930

MOUNT AIRY, NC 27030

No contract on file

via InvestorLift Classic

Listed Nov 3

Works for flippers

The Numbers

Sells for (ARV)From the listing: $227,000
Asking price: −$90,000
RepairsMiddle of the seller’s $40,000 – $80,000. Ours: $50,000 – $83,000: −$60,000
Loan, holding, closing20% down, 12% interest, 2 points, 84 days: −$12,938
Profit28.2% of ARV · flippers want 10%+: $64,062
Works

Works for a flipper up to $128,000.

PRIME PARTNER REALTY

Will Spilt

No reviews yet

Comps

ARV $227,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $58,000.

The sales behind this value are shown to members.

ARV $227,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

PRIME PARTNER REALTY

Will Spilt

No reviews yet

Seller Description

Mount Airy NC SFR 12.94% COC or 57k Gross ProfitOverview:

This is a value-add investment opportunity in Mount Airy, NC, offering investors two potential exit strategies: renovate and resell for a profit or hold the property as a long-term rental to generate cash flow.

For investors looking to build equity, maximize returns, and expand their portfolio, this property offers the flexibility to pursue the strategy that best aligns with their investment goals.

Mount Airy is a historic North Carolina city widely recognized as the real-life inspiration for Mayberry, the fictional town from The Andy Griffith Show. Its small-town charm and established community make it an appealing market for investors seeking opportunities in the area.

Whether your strategy is to flip for profit or hold for long-term cash flow, 484 Linville Rd is an opportunity worth exploring. Evaluate the numbers, identify the value-add potential, and determine which exit strategy best fits your investment criteria.

Investment Breakdown:FLIP:ARV: $227,000 - Purchase Price: $90,000 - Rehab: $80,000 - All in: $170,000 - Gross Profit $57k

RENTAL:Purchase Price: $90,000 - Rehab: $40,000 - Gross Equity: $50k - $1,500/mo Market Rent -$28/mo Tax-$70/mo Insurance - $1402 Monthly Cash Flow x 12 = $16,824 Yr Cash Flow $130,000 Investment = 12.94% Cash on Cash Return

Property Address: 484 Linville Rd, Mt Airy, NC 27030

Asking Price: $90,000

Property Details:

Type: SFR Specs: 2 bed / 1 bath

Size: 1,084 sqft on 0.263 acres - Year Built: 1930

PHOTOS Occupancy:TENANT OCCUPIED CURRENTLY - VACANT AT CLOSEClose of Escrow:On or Before 12/30/2026Transaction Type:AS-IS PURCHASE - $5,000 EMD with Hankin & PackPREFERRED LENDER

Big Ticket Items:ROOF— re tarred roof 2000HVAC — Needs replacedHWH — 2016UTILITIES — SEWER AND CITYFOUNDATION — CRAWLSPACE Comparable Sales Breakdown:

FLIP:• 344 Linville Rd, Mt Airy, NC 27030– Bought @: $53,000 Flipped Sold $232,000– Listing: HERE

SOLD:• 316 Linville Rd, Mt Airy, NC 27030– Sold @: $250,000– Listing: HERE

29k cheeper than this Pending SALE:• 342 Moore Ave, Mt Airy, NC 27030– Pending @: $119,000– Listing: HERENext Steps:

Contact Will Spilt 984-371-1965 Send Text if you need more information
Schedule a property walkthrough
Make an offer directly on this page

DisclaimersIMPORTANT: Buyer is responsible for conducting their own due diligence. This is an as-is opportunity. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material.

Time-sensitive opportunity - this contract is being offered to multiple investors