Fast Sale by owner who holds the Deed of Trust

3801 Prince Edward Hwy, Prospect, VA 23960

$93,000 After Repair Value -
$68,000 Asking Price -
$3,500 Cost of Repairs =
$21,500 Potential Profit

Property Details

Asking Price $68,000

After Repair Value $93,000

Costs of Repairs $3,500

Potential Profit $21,500

Living Area 600 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 1

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $650

Yearly Expenses $1,200

Property Taxes $330

Net Operating Income $6,500

Cap Rate N/A

Property Description


Repairs Needed

needs new counter top and leaky faucet under the sink fixed, the log home exterior needs to be painted, and the carpet removed and new carpet, and interior painted.\r\nThere is a 2 stall run in shed for horses or goats or whatever but the metal roof needs repair over one side.\r\nThere is also a permanent 8x8 shed that has a concrete floor. \r\n\r\nTwo other buildings can be purchased separate that are insulated and have electric, but they are to be moved off of property after the sale, by the seller.\r\n\r\nThis property is a log cabin built in 1988, It has a few acres and has had horses on it, and is located across from the horse trails that were a railway that the state converted as horse trails. bikes, and hiking, and this is a rural property located on a road that the snow is cleared first.


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