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Archived 6 months ago

$194,000

4 bd ba 3072 sqft

XXX Windsor RD, Kinston, NC 28504

Residential SFR Occupied Off MLS

Current Rent **

$2,300

Projected Rent **

$2,300

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Greenville, MSA - Kinston, NC | $80,000 Net Equity and excellent cap rate

End Buyers Only

𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 + 𝗟𝗲𝗮𝘀𝗲𝗯𝗮𝗰𝗸:
Asking Price: $194,000 / Potential rent $2,100 - $2,300
Short Leaseback 1 month or seller move-out

4 BD / 2.5 BA
Sq. Ft: 3,072
Lot size (Acres): 0.48
Year Built: 1975

Pre-approved Financing:
80% LTV DSCR Loan
Cash to Close (Estimated) = $59K - $64K
PITI $1,500

Why buy this property?
Excellent discount from the market value, excellent return potential.
Brand-new roof valued for $17,000
NO HOA

Shopping and dining .2 Mi
Schools 2.2 Mi
Hospital 1.64 Mi
W  Vernon Ave .3 Mi
HVAC at end of life

Low Crime Rate
Investment Potential
Proximity to Work
Good Schools
Community Amenities

DISCLAIMER:
DO NOT CONTACT THE OWNER/SELLER WITHOUT OUR EXPLICIT CONSENT. ANY ATTEMPTS TO RENEGOTIATE OR CONTACT THE SELLER WILL RESULT IN LEGAL ACTION

Location:

XXX Windsor RD, Kinston, NC 28504

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.