711 Pitts School Rd SW

Concord, NC 28027
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3 bd, 2 ba | 1,257 sqft | Built in 1998

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List Price
$138,000

Initial Investment

$34,199

Purchase Price

$125,500

Down Payment

25%

Rent

$990

Total Return

$67,304

Annualized Return

24.6%

Cap Rate

6.0%

Gross Yield

9.5%

Cash Flow

$199

Appreciation

9.0%
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Features

Occupancy

Occupied

Lease Start

11/20/2013

Lease End

05/31/2017

Lot Size

10,019

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$11,286

Expenses

-$2,802

Property Taxes

-$1,463

Loan Payments

-$6,823

Net Cash Flow

$199

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