High Cash Flow Potential Home

756 Old Willis School Rd, Dallas, NC 28034

$320,000 After Repair Value -
$90,000 Asking Price -
$40,000 Cost of Repairs =
$190,000 Potential Profit

Property Details

Asking Price $90,000

After Repair Value $320,000

Costs of Repairs $40,000

Potential Profit $190,000

Living Area 2,361 ft2

Property Type Multi-Family

Bedrooms 4

Bathrooms 3

Half Bathrooms 0

Parking 3

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $4,450

Yearly Expenses N/A

Property Taxes $400

Net Operating Income $3,605

Cap Rate 24.5

Property Description

Very Large house ! The 4 bedrooms are big enough to devide into 4 more rooms in each bedroom. 16 potential rooms. The 3 car garage could be 4 more rooms. Rent each room for $500 a month and share the rest of the house or put stairs on each side of the house and make the 4 bedrooms into 4 apartments.

Repairs Needed

If you want to keep this home as a single family there is not that much work that needs to be done. Little paint and some dry wall. But if you want to turn the 4 bedrooms into 16 rooms then you are looking at about $80K.

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