1224 Beachnut Ln Salisbury, NC 28146
2bd, 1.5ba | 1,176sqft | Built in 1963
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Initial Investment
$98,980
List Price: $97,000
Purchase Price
$97,000
Down Payment
100%
Rent
$915

Total Return
$43,280
Annualized Return
8.4%
Cap Rate
7.3%
Gross Yield
11.3%
Cash Flow
$6,572
Appreciation
2.8%
Valuation
Property Value
$88,000 - $100,000
Rental Value
$750 - $950
Diligence Documents
Property Valuation
NA
Inspection Report
NA
Title Report
NA
Ledger
NA
Prelim Insurance
NA
Lease Abstract
NA
Inspection Highlights
Roof
Functional
Attic
Functional
Bathrooms
Functional
Basement/Crawl
NA
HVAC
Functional
Bedrooms
Needs Repairs
Electrical
Needs Repairs
Exterior
Needs Repairs
Garage
Functional
Plumbing
Needs Repairs
Landscaping
Functional
Structural
Functional
Kitchen
Functional
Lease and Tenant
Lease Summary
Occupancy
Occupied
Rent Payment Status
Current
Security Deposit
$915
Original Lease Start Date
12/01/2018
Lease End Date
11/30/2019
Lease Concessions
No

Tenant Profile
Tenant Purchase Option
Not Applicable
Section 8
Not Applicable
Pet Fee Amount
$300
Pet Deposits
Not Applicable

Expense Split
Owner is responsible for
None
Tenant is responsible for
Gas, Water, Electric, Garbage, Lawn, Pest Ctrl
Location
North Carolina
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