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$245,000 · VIRGINIA BEACH, VA 23456
Works for flippers · Works for landlords

Available

$245,000Asking price

4 bd · 2.5 ba · 1,843 sq ft · built 1979

VIRGINIA BEACH, VA 23456

No contract on file

via InvestorLift Classic

33 views · listed 3 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $375,000
Asking price: −$245,000
RepairsMiddle of the seller’s $30,000 – $40,000. Ours: $41,000 – $73,500: −$35,000
Loan, holding, closing20% down, 12% interest, 2 points, 74 days: −$27,288
Profit18.1% of ARV · flippers want 10%+: $67,712
Works

Works for a flipper up to $273,000.

HOME CASH OFFER PROS LLC

Tre Stephens

No reviews yet

Comps

Sales

Rents

ARV $375,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $376,000.

The sales behind this value are shown to members.

ARV $375,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

HOME CASH OFFER PROS LLC

Tre Stephens

No reviews yet

Seller Description

Virginia Beach, VA | Cash-Flowing Landlord Special | Value-Add Opportunity!

3860 Sunstream Pkwy, Virginia Beach, VA 23456

4 Bed | 2 Bath | 1,843 Sq Ft | Single-Family Rental

Tenant-occupied rental opportunity with existing cash flow and an estimated $600/month in rental upside after improvements!

Property Highlights:

Current rent: $2,000/month

Estimated market rent: $2,600/month

-Roof: 5 years old

-HVAC: 7 years old

-Flooring replaced last year

-Plumbing and electrical reportedly in great condition

-Kitchen and bathrooms need cosmetic updates

-No HOA

Investment Numbers:

-Asking Price: $245,000

-Estimated Rehab: $30,000

-Estimated All-In: $275,000 (before closing costs)

-ARV: $375,000

-Current NOI: ~$15,480/year

-Current Cap Rate: ~6.3%

-Projected Stabilized NOI: ~$20,784/year

-Projected Stabilized Cap Rate: ~7.6% on all-in cost-

-Potential Rent Increase: $7,200/year

ACCESS AVAILABLE!

Call Tre: (470) 470-9837

Numbers:

ASK: $245,000

Rent: Current tenants pay $2,000 (6.3% cap rate)

Market rent: $2,600

Pictures:

AMAZING OPPORTUNITY

Won't Last!!!

Buyer to pay all closing costs for buyer and seller side

Contract is in place direct to seller. Do not attempt to contact Seller directly. House is being sold in as-is condition. Buyer to do their own due diligence. EMD is due within 24 hrs of ratified contract

CALL OR TEXT Tre: 470-470-9837

Tre@HOMECASHOFFERPRO.COM