All deals
AvailableFix & Flip
509 Glenwood Dr
Charlotte, NC 28208 · Mecklenburg County
Asking
$189,000
ARV
$329,000
Est. spread
$88,000
All-in / ARV
73%
Underwriting
The numbers
Purchase (assignment price)$189,000
Estimated repairs+ $52,000
All-in basis$241,000
After-repair value (ARV)$329,000
Gross spread$88,000
Return on basis (before costs)36.5%
Market rent estimate$1,900/mo
Rent-to-basis (monthly)0.79%
Holding, closing and financing costs not included. Verify all figures independently.
The opportunity
West Charlotte bungalow 10 minutes from Uptown. Rehabs on the street are selling over $320k.
- 10 min to Uptown
- Rehabs on street at $320k+
- Original hardwoods
Property facts
- Property type
- Single Family
- Strategy
- Fix & Flip
- Beds / Baths
- 3 bd · 2 ba
- Living area
- 1,350 sf
- Lot
- 8,000 sf (0.18 ac)
- Year built
- 1951
- Occupancy
- Vacant
- County
- Mecklenburg County, NC
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