508 Three Oaks Dr

High Point, NC 27265
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3 bd, 2 ba | 1,096 sqft | Built in 1997

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List Price
$118,000

Initial Investment

$30,520

Purchase Price

$112,000

Down Payment

25%

Rent

$900

Total Return

$50,711

Annualized Return

21.9%

Cap Rate

6.0%

Gross Yield

9.6%

Cash Flow

$121

Appreciation

7.7%
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Features

Occupancy

Occupied

Lease Start

06/01/2017

Lease End

05/31/2019

Lot Size

15,246

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$2,550

Property Taxes

-$1,500

Loan Payments

-$6,089

Net Cash Flow

$121

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