1015 New St Salisbury, NC 28144
4bd, 2ba | 1,716sqft | Built in 1910
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Initial Investment
$100,668
List Price: $98,500
Purchase Price
$98,500
Down Payment
100%
Rent
$980

Total Return
$42,476
Annualized Return
8.2%
Cap Rate
7.1%
Gross Yield
11.9%
Cash Flow
$6,423
Appreciation
2.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
04/01/2019 
Lease End
03/31/2020 
Lot Size
12,000 
HOA
None
Flood Risk
Not Required
  • Tenant in place and leased through 3/31/2020
  • <$700 in immediate repairs

Buy It Now: Offers at list price include an American Home Shield home warranty.



Annual Financial Highlight
Expected Rent
$11,172
Expenses
-$3,098
Property Taxes
-$1,652
Loan Payments
$0

Net Cash Flow
$6,423
Considerations
Property Characteristics    View Details


Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector’s findings or cancel the contract. If any prior inspection reports are available, you’ll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

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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