INVESTORS DREAM!!! Excellent Property For Rental or Resale. Great Location.GREAT Investor Property to Rehab or Flip!!! 2641 Eva Drive CONCORD NC 28027is a three bedroom one bath home located on almost a two acre lot. Property hasCity water and Sewer connections. Almost new roof, a large deck on back ofhouse. Will need a new central Heat Pump. Renters are in property at$800.00/mo. If someone wants to keep as a rental, you would only need to doApprox. Repairs of $7,000. To resale you would need to do a complete rehab ofApprox. $15K to $ 20K to have an ARV $100,000 sales price. This is a CASH ONLYSALE "as is".Rehab Info:Complete rehab will cost around $15K. No major things except needs new AC. Athird bedroom has been added to bring total heated sq ft to 1212.Increase profits by raising rents:Property rented for $800/mo., but going rate is $875/moPrice: $39,900 - 100% Occupied Monthly Rent: $800 ValuationsTax Value: $97,000 Appraisal: $0 ARV: $100 CMA Value: $83 Electronic AppraisalsZillow.com Val: $90,673 Trulia.com Val: $85,933 Average: $88,303 Rehab CostRehab Level: Medium Estimated: $10,000 - $15,000 Potential Profits For Rehaber: Selling Price: ARV $99,000.Rehab Cost: -15,000.Purchase Price: -39,900.Potential Investor Profit: $44,100.
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