Off Market Rental Opportunity in Wylam
3 Beds / 1 Baths • 1,322 SqFt
Offer Submission Deadline
-
Single Family House -
3 -
1 -
1930 -
1322
Description
This 3-bed, 1-bath home in Wylam is a great opportunity for an investor looking for a value-add rental or flip. Previously rented for $900/month this property has numerous comps to support a price increase.
- Condition: Needs a new roof!
- No central AC—previous landlord required tenants to bring their own window units.
- Vacant: Ready for a new renter or renovations to maximize value.
- Rental Potential: Market rents in the area support strong cash flow after updates.
- Location: Situated in a stable rental market with demand for affordable housing.
With some work, this property could be a great income-producing asset. Don’t miss out on this off-market deal!
Cash Price: $36,500
ARV: $105,000
Cap Rate: 7+%
3 Bedrooms/1 Bath
1,322 sq ft
Year Built 1930
Effective Year 1963
Market Rents: $1,000-$1,300/month
Estimated Spread
- Price $36,500
- Spread -$36,500
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