1803 Water St Greensboro, NC 27405
3bd, 2ba | 1,157sqft | Built in 1998
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Initial Investment
$117,124
List Price: $114,900
Purchase Price
$114,900
Down Payment
100%
Rent
$1,030

Total Return
$43,360
Annualized Return
7.3%
Cap Rate
6.8%
Gross Yield
10.8%
Cash Flow
$7,174
Appreciation
2.0%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
05/09/2018 
Lease End
05/08/2019 
Lot Size
6,970 
HOA
None
Flood Risk
Not Required
  • Current lease runs through May 2019
  • Pet fee included in monthly rent of $35.
  • All Roofstock Purchases come with Money Back Guarantee

Annual Financial Highlight
Expected Rent
$11,742
Expenses
-$2,968
Property Taxes
-$1,600
Loan Payments
$0

Net Cash Flow
$7,174
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.