$84,000 - Goldsboro North Carolina Property for Sale

[Douglas Middleton]

Single Family Home 1788 sf; 3 Bedrooms and 2 Baths; Refrigerator, Dishwasher, Range and Microwave Included. Has Carport and Large Fenced Back Yard. Currently rented out for $900.00 per month with rents average rent about $1,000.00 in the area. Has an ARV of $120,000.

Needs some minor repairs and updating. Roof took some minor damage in hurricane Florence and will need repair or replaced. I have roughly estimated about $15,000 total updating and repairs including new roof. Below is a rental property calculation I did using the bigger pockets calculator.

$900.00 Monthly Income

$634.85 Monthly Expenses

$265.15 Monthly Cashflow

6.33% Pro Forma Cap

$7,600.00 NOI

$32,700.00 Total Cash Needed

9.73% Cash on Cash ROI

7.8% Cap Rate

7.78 gross rent multiplier