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18
Values Adjust to $305K, 8 Comps Deep
Updated 12 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rent potential for investors in Roxboro. Monthly rental income is projected between $1,942 and $2,013, supported by a healthy 11.3% yield, making this a strong candidate for your rental portfolio. Beyond steady cash flow, the asset benefits from an annual appreciation estimate of over $15,000. Leveraging these market-rate trends allows for a solid return on investment, balancing immediate income with long-term capital growth potential.
More about this home
Neighborhood Assessment
6400 Virgilina Rd sits in the peaceful Mayo Lake subdivision of Roxboro, NC, offering rare lakefront appeal with water views and public boat ramp access nearby. You know, it's not super walkable—rural vibes here mean you'll drive for most errands—but that 0.48-acre lot and deck make it perfect for boating lovers. Schools like North End Elementary (6/10) are okay, but middle and high ratings drag down the area. Nearby comps range $40K lots to $450K homes, showing value spread.[58 words] Comps like 6320 Virgilina Rd at ~450K for 2K sqft highlight premium for size, while this 1.6K sqft 3-bed/2-bath at $210K sold fits mid-range. Zestimate's $240K suggests upside if updated. No big developments popping, but lake lifestyle holds steady demand.
Market Activity
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Rental Income
$24K
Yield
11.3%
Appreciation
$15K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting the price per square foot from $159 to $176. This 11% increase enhances appeal, pushing your total potential sale range toward $295,000 while elevating your long-term rental income prospects. Updating your living space transforms your property into a standout choice, catching the eyes of eager buyers. This investment offers a smart path to higher returns and creates a fresh, inviting atmosphere for your next chapter.
Value Add
$27K
Appreciation
$20K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential with a post-renovation value reaching up to $295,000. Renovations should effectively boost the price per square foot, positioning the home competitively against local updated listings within the current market range. The project offers an attractive 8.3% yield, supported by a monthly rental income of $1,942. With consistent appreciation trends, this asset represents a stable long-term opportunity for investors focused on value-add growth and reliable cash flow.
Rental Income
$23K
Yield
8.3%
Appreciation
$20K
Year 1 Estimates, Post Typical Renovation
Asking price
$539K
$234K over comp median
Comparative Market Analysis
$170K – $560K
~132 days to sell
Based on 8 comps
6400 Virgilina Rd, Roxboro Investment Report: Flip & Rental Analysis · Frontflip