Flip or Cash Flow in Kinston – Brick Ranch SFR

  • $59,000
Martin Dr, Kinston, NC 28501
  • Single Family
  • Property Type
  • 3
  • Bedrooms
  • 1.5
  • Bathrooms
  • 1,080
  • Moderate
  • Estimated Rehab Cost
  • $130,000 to $150,000 +/-
  • Estimated ARV
  • Lenoir
  • County

Overview

  • Single Family
  • Property Type
  • 3
  • Bedrooms
  • 1.5
  • Bathrooms
  • 1,080
  • Moderate
  • Estimated Rehab Cost
  • $130,000 to $150,000 +/-
  • Estimated ARV
  • Lenoir
  • County

Description

This 1973 brick ranch in Liberty Hill Park has 1,080 sq ft on about a fifth of an acre and is vacant. The layout works for a flip or a rental, with three bedrooms and a half bath in addition to the full bath. We don’t have a ton of rehabbed comps to go off of, which is why there is such a variance.

Estimated Repairs Needed

  • Cleanout, yard cleanup and basic landscaping
  • Interior paint, flooring, trim, doors and fixtures where needed
  • Kitchen and bath updates, with selective replacement of worn cabinets and fixtures
  • Roof inspection and maintenance/possible replacement, with service or repairs to the older HVAC as needed

Comparable Sales

  • 1204 Morningside Drive is 0.73 miles away and sold for $175,000 in May 2026. This updated 3/1 has 1,242 square feet, a 0.21-acre lot, off-street parking and no listed pool. It’s 162 square feet larger, and the updated kitchen, bath and plank flooring are a good example of what sold in the area.
  • Pending — 1105 N East Street is 0.67 miles away and asking $129,500. This remodeled brick 3/1 has 1,104 square feet, a 0.20-acre lot, off-street parking and no listed pool. With an updated kitchen and bath and just 24 more square feet, it’s the closest match in size.
  • Active — 306 Short Street is 0.32 miles away and asking $130,000. This renovated 2/1 has 644 square feet, a 3,049-square-foot lot, street parking and no listed pool. It’s nearby but considerably smaller and has one fewer bedroom.
  • Active — 208 Clay Street is 0.36 miles away and asking $149,900. This remodeled 2/1 has about 725 square feet, a 0.09-acre lot, unpaved parking and no listed pool. It has an updated kitchen and new mini-splits, with a smaller house and lot than Martin Drive.

ARV & Rental Analysis

Estimated ARV: $130,000 to $150,000 +/-

Estimated Rent: $1,100 to $1,200 per month +/-

Details

  • Price: $59,000
  • Property Size (Sq. ft.): 1,080
  • Land Area (Acres): 0.21
  • Bedrooms: 3
  • Bathrooms: 1.5
  • Garage: None
  • Year Built: 1973
  • Property Type: Single Family
  • Property Status: Cash Flow, Flip
  • County: Lenoir
  • Estimated ARV: $130,000 to $150,000 +/-
  • Estimated Rehab Cost: Moderate
  • Estimated Monthly Rent: $1,100 to $1,200 per month +/-
  • Yearly Taxes: $1,420
  • HOA Monthly Cost: $0
  • Construction Type: Brick
  • Pool: None
  • City Kinston
  • State North Carolina

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