231 Saint Marks Church Rd

Cherryville, NC 28021

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

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For Sale

Exclusive

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List Price
$359,900

Initial Investment

$98,073
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$359,900

Down Payment

25%

Rent

$2,027

Total Return

$167,323

Annualized Return

21.1%

Cap Rate

4.3%

Gross Yield

6.8%

Cash Flow

-$4,219

Appreciation

8.9%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

29,185

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.
  • Septic tank.

See more in Analysis

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Annual Financial Highlights

Expected Rent

$23,108

Expenses

-$4,460

Property Taxes

-$3,300

Loan Payments

-$19,566

Net Cash Flow

-$4,219

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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