2225 Pinnacle View Dr

Kings Mountain, NC 28086

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3 bd, 3 ba | 1,738 sqft | Built in 2022

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For Sale

Exclusive

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List Price
$374,900

Initial Investment

$102,160
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$374,900

Down Payment

25%

Rent

$1,658

Total Return

$178,323

Annualized Return

20.4%

Cap Rate

3.0%

Gross Yield

5.3%

Cash Flow

-$9,250

Appreciation

10.1%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

47,916

HOA

None

Flood Risk

Not Required

  • Improvements/Condition: This is a Vacant, New Build property. Per builder, this home can be ready in 30 days.
  • The square footage is pulled from builder.
  • Inspection: This home does not include an inspection contingency. The builder will supply the Occupancy Certificate and a walk through of the home or the buyer may request to get an inspection at their own cost.
  • Highlights/Opportunity: Builder Warranty; minutes away from new Catawba Casino; this is a 3 bed DHEC Septic with an office; a door can be added to the office for a 4th bed; this property is a mountain top with an excellent aerial view.

See more in Analysis

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Annual Financial Highlights

Expected Rent

$18,901

Expenses

-$4,370

Property Taxes

-$3,400

Loan Payments

-$20,382

Net Cash Flow

-$9,250

See more in Financials

Property Characteristics

Roofstock Exclusive

Listed directly by the seller, Exclusive properties are only available through Roofstock.
  • These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
  • If the home is non-certified and the posted inspection is more than 3 months old, an inspection contingency will apply.
  • The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.

Property Management

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

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