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1408 S Alston Ave

Durham, NC 27707 · raleigh market · Durham County

B75
Price
$168,000
$92/sqft
Property
4bd / 2ba · 1,820 sqft
SFH · Built 1962 · Lot 9,200 sqft
Status
fsbo
28 days on market · craigslist
Flip Analysis
Purchase Price$168,000
Repairs (Cosmetic Full ($10-15/sqft))$14,560
All-In Cost$182,560
ARV (After Repair Value)$265,000
Max Offer (70% Rule)$171,100
Potential Profit$82,440
ARV Score
24/30
70% Rule
22/25
Equity Upside
10/15
Risk Deductions
-2/10
Rental Analysis
Monthly Rent Estimate$1,500
Monthly Cash Flow$340
Cap Rate6.8%
Cash-on-Cash Return11.4%
Cash Flow Score16/20

Assumptions

Down payment: 25%Rate: 6.99%Management: 10%Maintenance: 5%Vacancy: 8%HOA: $0/mo
Seller Motivation7.5/10
Medium Motivation

Signals Detected

  • FSBO — often more flexible
  • Owner relocating
  • Price negotiable
  • Owner financing available
  • 1 price reduction ($7,000 off)
Price History$7K drop (4.0%)
Comparable Sales (4)
AddressPrice$/sqftSqftBeds/BathsSold DateDistance
1305 Fayetteville St$272,000$1431,9004/22026-01-140.4 mi
1305 Fayetteville St$272,000$1431,9004/22026-01-140.4 mi
1520 S Roxboro St$258,000$1471,7504/22025-12-220.3 mi
1520 S Roxboro St$258,000$1471,7504/22025-12-220.3 mi
Additional Evaluation Factors
School Rating
5/10
Nearby Sold Vol.
18 sales
Property Tax Rate
1.12%
Insurance Est.
$1,080/yr
Vacancy Rate
5.1%
Neighborhood
stable
Walk Score
48/100
Owner Tenure
14 yrs
HOA
None
Listing Description

FSBO — 4 bedroom house, owner relocating out of state. Price is negotiable. Large backyard with shed. New roof 2022. Needs paint and flooring. No agents please, owner financing available.