502 Oak Ln Jacksonville, NC 28540
3bd, 2ba | 1,050sqft | Built in 1954
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Initial Investment
$116,725
List Price: $115,000
Purchase Price
$115,000
Down Payment
100%
Rent
$925

Total Return
$45,867
Annualized Return
7.5%
Cap Rate
5.7%
Gross Yield
9.7%
Cash Flow
$6,028
Appreciation
3.3%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
11/21/2018 
Lease End
11/30/2019 
Lot Size
10,019 
HOA
None
Flood Risk
Not Required
  • Tenant in place and leased through 11/30/2019
  • No repairs needed
  • 3 star neighborhood

Annual Financial Highlight
Expected Rent
$10,545
Expenses
-$3,096
Property Taxes
-$1,422
Loan Payments
$0

Net Cash Flow
$6,028
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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