B71
Price
$195,000
$134/sqft
Property
3bd / 2ba · 1,450 sqft
SFH · Built 1940 · Lot 6,100 sqft
Status
pre-foreclosure
0 days on market · county
Flip Analysis
Purchase Price$195,000
Repairs (Moderate ($20-30/sqft))$43,500
All-In Cost$238,500
ARV (After Repair Value)$365,000
Max Offer (70% Rule)$212,150
Potential Profit$126,500
ARV Score
25/30
70% Rule
16/25
Equity Upside
13/15
Risk Deductions
-4/10
Rental Analysis
Monthly Rent Estimate$1,700
Monthly Cash Flow$120
Cap Rate4.8%
Cash-on-Cash Return5.2%
Cash Flow Score10/20
Assumptions
Down payment: 25%Rate: 6.99%Management: 10%Maintenance: 5%Vacancy: 8%HOA: $0/mo
Seller Motivation9.0/10
High Motivation
Signals Detected
- Pre-foreclosure — lis pendens filed
- Tax delinquent
- Property appears vacant
- Absentee owner
Price History
No price history available.
Comparable Sales (4)
| Address | Price | $/sqft | Sqft | Beds/Baths | Sold Date | Distance |
|---|---|---|---|---|---|---|
| 520 E Lane St | $355,000 | $254 | 1,400 | 3/2 | 2026-01-18 | 0.4 mi |
| 520 E Lane St | $355,000 | $254 | 1,400 | 3/2 | 2026-01-18 | 0.4 mi |
| 715 N Bloodworth St | $375,000 | $250 | 1,500 | 3/2 | 2025-12-10 | 0.3 mi |
| 715 N Bloodworth St | $375,000 | $250 | 1,500 | 3/2 | 2025-12-10 | 0.3 mi |
Additional Evaluation Factors
School Rating
7/10
Nearby Sold Vol.
15 sales
Property Tax Rate
1.15%
Insurance Est.
$1,500/yr
Vacancy Rate
3.5%
Neighborhood
appreciating
Walk Score
78/100
Owner Tenure
35 yrs
HOA
None
Listing Description
Pre-foreclosure property near downtown Raleigh. Owner behind on taxes. Property appears vacant. Original condition, needs full renovation. Tremendous location value.