1506 E Main St

Cherryville, NC 28021
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3 bd, 2 ba | 1,164 sqft | Built in 2003

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List Price
$106,900

Initial Investment

$26,160

Purchase Price

$96,000

Down Payment

25%

Rent

$925

Total Return

$57,068

Annualized Return

27.5%

Cap Rate

7.3%

Gross Yield

11.6%

Cash Flow

$1,217

Appreciation

8.9%
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Features

Occupancy

Occupied

Lease Start

05/26/2017

Lease End

05/25/2018

Property Type

Unspecified

Lot Size

20,038

HOA

None

Flood Risk

Not Required


See more in Analysis

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Annual Financial Highlights

Expected Rent

$10,545

Expenses

-$2,768

Property Taxes

-$1,341

Loan Payments

-$5,219

Net Cash Flow

$1,217

See more in Financials

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