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Single Family

1818 NC Highway 62 N, Yanceyville, NC 27379

Yanceyville, NC

Purchase Price

$525,000

4 Bedrooms
3 Bathrooms
3,200 Sq Ft
Built 1969

Total Acres

47.6

Price/Acre

$11,032

Type

House + Land

Strategy

Subdivision

Financial Overview

Purchase Price$525,000
Down Payment25.0%
Interest Rate7.0%
Loan Term30 years
Closing Costs3.0%

Subdivision Potential

Scenario# LotsRev/LotTotal RevNet ProfitROI
2-acre lots23$33,095$761,189$121,18949.2%
5-acre lots9$82,738$744,642$174,64299.1%
7-acre lots6$115,833$694,999$139,99986.8%
10-acre lots4$165,476$661,904$116,90477.3%

Estimates assume 50% markup on subdivided lots vs bulk price, $5K dev cost/lot. Actual returns depend on road frontage, utilities, zoning.

House + Land strategy: Keep the 4bd/3ba house on 3-5 acres, subdivide remaining 43 acres. Reduces your effective basis on the house to potentially under -$85,794.

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