B78
Price
$289,000
$175/sqft
Property
3bd / 2ba · 1,650 sqft
SFH · Built 1948 · Lot 7,840 sqft
Status
active
62 days on market · redfin
Flip Analysis
Purchase Price$289,000
Repairs (Cosmetic Full ($10-15/sqft))$24,750
All-In Cost$313,750
ARV (After Repair Value)$385,000
Max Offer (70% Rule)$244,750
Potential Profit$71,250
ARV Score
25/30
70% Rule
18/25
Equity Upside
12/15
Risk Deductions
-2/10
Rental Analysis
Monthly Rent Estimate$1,850
Monthly Cash Flow$180
Cap Rate5.2%
Cash-on-Cash Return6.8%
Cash Flow Score10/20
Assumptions
Down payment: 25%Rate: 6.99%Management: 10%Maintenance: 5%Vacancy: 8%HOA: $0/mo
Seller Motivation7.8/10
Medium Motivation
Signals Detected
- Motivated seller relocating
- 2 price reductions (total $30,000 off)
- On market 62 days
- Dated kitchen and baths
Price History$30K drop (9.4%)
Comparable Sales (4)
| Address | Price | $/sqft | Sqft | Beds/Baths | Sold Date | Distance |
|---|---|---|---|---|---|---|
| 612 Fairview Rd | $392,000 | $231 | 1,700 | 3/2 | 2026-01-10 | 0.2 mi |
| 612 Fairview Rd | $392,000 | $231 | 1,700 | 3/2 | 2026-01-10 | 0.2 mi |
| 421 E Whitaker Mill Rd | $378,000 | $239 | 1,580 | 3/2 | 2025-12-05 | 0.1 mi |
| 421 E Whitaker Mill Rd | $378,000 | $239 | 1,580 | 3/2 | 2025-12-05 | 0.1 mi |
Additional Evaluation Factors
School Rating
8/10
Nearby Sold Vol.
22 sales
Property Tax Rate
1.15%
Insurance Est.
$1,350/yr
Vacancy Rate
3.1%
Neighborhood
appreciating
Walk Score
72/100
Owner Tenure
8 yrs
HOA
None
Listing Description
Charming Five Points area bungalow with tons of potential! Original hardwoods, large lot. Kitchen and bathrooms are dated but functional. Close to shops, restaurants, and downtown. Motivated seller relocating for work.
View Original ListingAgent: David Chen · 919-555-0234