1220 Torrey Dr Fayetteville, NC 28301
4bd, 2ba | 912sqft | Built in 1959
investment property - 1220 Torrey Dr, Fayetteville, NC 28301, Cumberland - image 0
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investment property - 1220 Torrey Dr, Fayetteville, NC 28301, Cumberland - image 0
investment property - 1220 Torrey Dr, Fayetteville, NC 28301, Cumberland - image 1
investment property - 1220 Torrey Dr, Fayetteville, NC 28301, Cumberland - image 2
List Price
$80,000
Initial Investment : $82,044
Purchase Price
$80,000
Down Payment
100%
Rent
$900

Total Return
$37,728
Annualized Return
9.0%
Cap Rate
8.6%
Gross Yield
13.5%
Cash Flow
$6,281
Appreciation
2.3%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
12/27/2019 
Lease End
01/31/2021 
Lot Size
8,712 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$10,260
Expenses
-$2,879
Property Taxes
-$1,100
Loan Payments
$0

Net Cash Flow
$6,281
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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