608 Oak Forest Lane Salisbury, NC 28146
4bd, 2.5ba | 1,719sqft | Built in 2018
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Initial Investment
$57,198
List Price: $209,900
Purchase Price
$209,900
Down Payment
25%
Rent
$1,600

Total Return
$41,621
Annualized Return
12.1%
Cap Rate
5.8%
Gross Yield
9.1%
Cash Flow
$1,569
Appreciation
2.8%
Features
Roofstock Certified
Occupancy
Vacant
Lease Start
Lease End
Lot Size
11,761 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$18,240
Expenses
-$3,640
Property Taxes
-$2,600
Loan Payments
-$10,432

Net Cash Flow
$1,569
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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