Total Real Estate LLC

Another Property Sold - 614 Armfield Street, Statesville, NC 28677

by Glen Stanley 02/19/2021

614 Armfield Street, Statesville, NC 28677
Single FamilySold
List Price $45,000
Sold Price $40,000
614 Armfield Street
Statesville, NC 28677
Listed by: (481201) Keller Williams Lake Norman, 312-405-2595
MLS: Canopy MLS
3Beds
1Bath
2,032Sq Ft
Est. Mortgage
$332/mo

Investor special: 3 bed, 1 bath, 2158 sq ft home on an attractive corner lot. BRRRR scenario: $135,000 (ARV) - $40,000 (Rehab) x .70% = $66,500 purchase price. Refinance = $135,000 (appraised value) x .70% (Loan To Value) = $94,500 back into your pocket.  Equity gained: $40,500 (30% equity left in property.) Rent and cash flow roughly $300 plus per month with $40,500 equity left in property! OR renovate and flip for a quick 50k plus profit!! Furthest home to the left has been remodeled and all other homes on this street are in process of being remodeled, this street is on the up & up!*All information deemed to be accurate and up to the buyer to determine/verify.* Sold "as-is, where is."

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About the Author
Author

Glen Stanley

As an experienced real estate agent, I am qualified to guide you in buying or selling a home. This process is one of the most significant transactions in a person's life. It is vital that your agent is sincere and straightforward.