1421 Logan Patrick Ct Gastonia, NC 28052
3bd, 2.5ba | 2,042sqft | Built in 2008
Expand
Initial Investment
$164,430
List Price: $162,000
Purchase Price
$162,000
Down Payment
100%
Rent
$1,285

Total Return
$62,065
Annualized Return
7.3%
Cap Rate
5.7%
Gross Yield
9.5%
Cash Flow
$8,871
Appreciation
2.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
09/29/2017 
Lease End
09/28/2019 
Lot Size
8,712 
HOA
$21/mo
Flood Risk
Not Required
  • Property is within Village at Fifth HOA. Supporting documents to be provided at closing.

Annual Financial Highlight
Expected Rent
$14,649
Expenses
-$3,478
Property Taxes
-$2,300
Loan Payments
$0

Net Cash Flow
$8,871
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.