419 W 14th St

Salisbury, NC 28144
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2 bd, 1 ba | 1,067 sqft | Built in 1953

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List Price
$68,500

Initial Investment

$20,011

Purchase Price

$68,500

Down Payment

25%

Rent

$790

Total Return

$41,316

Annualized Return

27.6%

Cap Rate

8.5%

Gross Yield

13.8%

Cash Flow

$1,582

Appreciation

8.6%
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Features

Occupancy

Occupied

Lease Start

10/23/2017

Lease End

10/31/2019

Lot Size

7,000

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$9,006

Expenses

-$2,700

Property Taxes

-$1,000

Loan Payments

-$3,724

Net Cash Flow

$1,582

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