2100 Acorn Ridge Rd, Greensboro, NC 27407, United States $ 120,932 - Greensboro, North Carolina Date:…

2100 Acorn Ridge Rd, Greensboro, NC 27407, USA
$ 120,932 - Greensboro, North Carolina

Date: 1 / 23 / 2019
Business Partner: Yonatan Anafi
Property status: SOLD

? 2100 Acron Ridge Rd Greensboro NC 27407
?Country
? City
? neighborhood

************************
Type of transaction
************************
️ The type of strong, long-term transaction - preparing and renting the property for the tenant
? The property under contract? - Yes, the property is under contract
? Multi-property property? - No

************************
Transaction data and asset
************************
? Buyer Price in Dollars: 101,007
? Living Size in Square Pitt: 1469 sqft
️ Year of construction: 1992
? Number of units in the property (doors): 1
? Number of bedrooms: 3
? Number of services: 2
⛏ Estimating the price for renovation required in dollars: 11050
️ What renovation date should be completed: 5 / 31 / 2018 0: 00: 00
? Have you done this? Yes
? Link to the Axel Renovation Assessment if there is an assessment:
? Promoter escort fee: 8000
? Estimating closing costs and additional costs in dollars: 875
************************
? Total investment (purchase price + renovation price + escort fee + closing costs): 120932
************************

? About the area:
Positive migration of 23.37% Since the year 2000, positive migration of 7.9% between 2010-2017, the level of non-employment has dropped from 13% in 2010 to 3.2% today. The average in the United States is 3.9%. The city of Greensboro is the third most populous city in North Carolina and numbers about 1,000 people. The local economy is based on transportation, aeronautics, education and technology. In recent years, the city has attracted many investors in the residential, entertainment and business sectors. At 300, a project worth over $ 2016 million was completed for the renovation and construction of a textile factory and converting it into a residential, office and entertainment complex.

? About the property:
The property is in a very good quality environment, property on the street itself six months ago sold in 160 thousand dollars. Planned easy renovation of: a new bath, carpets in the rooms and paint.

************************
Expected annual revenues
************************
? Monthly rental 1200
? Annual rental 14400

************************
Expected annual expenses
************************
Provision for unearned property leased: 600
? Management Company: 120
? Maintenance: 1152
️ Arnona: 1662
✍️ Insurance: 470
? Community Payments: 200
? Total annual expenses: 4204

? Pre-tax Net Annual Flow: 8.43%
? Gross Annual Return: 11.9%
? Net Annual Return: 0

************************
? Comparative market data
************************
? Estimated market value of the property after renovation: 160000
️ Percentage of total investment relative to market price: 1

************************
? Comparative Market Analysis - First Property:
************************
? Address: 5603 Clustermill Dr, Greensboro, NC 27407
? Living Size in Square Pitt: 1358 sqft
️ Year of construction: 1988
? Number of bedrooms: 3
? Number of services: 2
? Distance from property: 0.1 miles
When did it sell: 11 / 15 / 18

Exclusive format for the real estate forum of the US Real Estate Forum: https://www.facebook.com/groups/RealEstateIsraelUSAFAQ

To view this property and other assets in the property arena: https://www.facebook.com/groups/711026639303612/

************************
? Sales Comparative Market Analysis - Second Property:
************************
? Address: 5509 Traders Way, Greensboro, NC 27407
? Living Size in Square Pitt: sqft 1400
️ Year of construction: 1987
? Number of bedrooms: 3
? Number of services: 2
? Distance from property: 0.2 miles
When did it sell: 09 / 28 / 18

************************
? Comparative Market Analysis - Third Property:
************************
? Address: 5 Farrington Ct Greensboro, NC 27407
? Living Size in Square Pitt: sqft 1472
️ Year of construction: 1994
? Number of bedrooms: 3
? Number of services: 2
? Distance from property: 0.2 miles
When did it sell: 09 / 20 / 18