409 Nelson Dr

Jacksonville, NC 28540
image0

3 bd, 1 ba | 950 sqft | Built in 1953

slider image
slider image
slider image
List Price
$70,450

Initial Investment

$17,911

Purchase Price

$64,000

Down Payment

25%

Rent

$775

Total Return

$29,356

Annualized Return

23.5%

Cap Rate

8.3%

Gross Yield

14.5%

Cash Flow

$1,291

Appreciation

6.4%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Occupied

Lease Start

02/01/2019

Lease End

01/31/2020

Lot Size

20,038

HOA

None

Flood Risk

Not Required

  • With qualified offer, current property manager to offer first 6 months free management
  • Exceeds 1% rule
  • <$500 in immediate repairs
  • Tenant in place and leased through 1/31/2020

See more in Analysis

Have a question for us?

We’re happy to help!

Ask a Question

Annual Financial Highlights

Expected Rent

$8,835

Expenses

-$3,165

Property Taxes

-$900

Loan Payments

-$3,479

Net Cash Flow

$1,291

See more in Financials

Similar Listings