Property Overview This 2 bed / 1 bath bungalow in Winston offers 600 sq ft on 1.04 acres. It is in rent-ready condition with less than $5,000 in repairs needed. A house on over an acre of land at a low basis gives a buyer room to hold, rent, or add value.
Deal Details
Bedrooms / Bathrooms: 2 BR / 1 BA
Living Area: 600 sq ft
Lot Size: 1.04 acres
Style: Bungalow
Property Type: Single-family
Condition: Rent ready, under $5,000 in repairs
Numbers Snapshot
Purchase Price: $89,000
Estimated Repairs: Under $5,000
All-In Cost: Up to $94,000
Estimated ARV: $120,000 - $135,000
Estimated Gross Spread: $26,000 - $41,000, before closing and holding costs
Rental Hold Option: Estimated rent of $900 - $1,100/mo
Why This Deal Works
The home is rent ready with minimal repairs.
The lot is over an acre.
The basis is low for a house with land.
Ideal For
Buy-and-hold investors looking for a low-basis rental
Investors who want land with a house already in place
Cosmetic flip investors with a very light scope
Important Note: All figures are estimates. The buyer should complete independent due diligence.
Contact John for more details or to make an offer: (678) 498-5675
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
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ARV $135,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $90,000.