1610 Garland Ave Gastonia, NC 28052
3bd, 1ba | 1,490sqft | Built in 1957
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Initial Investment
$131,950
List Price: $130,000
Purchase Price
$130,000
Down Payment
100%
Rent
$1,065

Total Return
$51,840
Annualized Return
7.6%
Cap Rate
6.2%
Gross Yield
9.8%
Cash Flow
$7,514
Appreciation
2.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
05/04/2018 
Lease End
05/03/2020 
Lot Size
15,246 
HOA
None
Flood Risk
Not Required
  • Historical 1-year appreciation of 7.4%
  • Single-story home

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



Annual Financial Highlight
Expected Rent
$12,141
Expenses
-$2,927
Property Taxes
-$1,700
Loan Payments
$0

Net Cash Flow
$7,514
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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