307 W McNeely Ave # 309

Mooresville, NC 28115
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4 bd, 4 ba | 2,401 sqft | Built in 2006

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List Price
$200,000

Initial Investment

$52,748

Purchase Price

$191,000

Down Payment

25%

Rent

$1,500

Total Return

$89,143

Annualized Return

22.1%

Cap Rate

5.9%

Gross Yield

9.4%

Cash Flow

$151

Appreciation

8.0%
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Features

Occupancy

Occupied

Lease Start

11/01/2016

Lease End

06/01/2018

Property Type

Duplex

Lot Size

13,939

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$17,100

Expenses

-$4,038

Property Taxes

-$2,526

Loan Payments

-$10,384

Net Cash Flow

$151

See more in Financials

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