264 Village Creek Way
Salisbury, NC 28147
List Price
$149,900
Initial Investment
$40,875Purchase Price
$150,000
Down Payment
25%
Rent
$1,233
Total Return
$86,970
Annualized Return
25.7%
Cap Rate
5.7%
Gross Yield
9.9%
Cash Flow
-$27
Appreciation
9.7%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
05/15/2019
Lease End
05/31/2021
Property Type
Townhouse
Lot Size
4,792
HOA
None
Flood Risk
High Risk - Zone AE
- New 24-month lease signed
- Renters insurance monitoring fee included in monthly rent of $2.50
- No immediate repairs
- Newly built (2018)
See more in Analysis
Annual Financial Highlights
Expected Rent
$14,051Expenses
-$4,722Property Taxes
-$1,200Loan Payments
-$8,155Net Cash Flow
-$27See more in Financials
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