Greenville, MSA - Kinston, NC | $55,100 Net Equity and excellent cap rate

[Alex Arguelles]

End Buyers Only

https://www.biggerpockets.com/real-estate-listings/greenvill...

𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 + 𝗟𝗲𝗮𝘀𝗲𝗯𝗮𝗰𝗸:
Asking Price: $204,900
Retail Price: $260,000
Short Leaseback 3 months
Monthly Rent: $2,000 with 3 months of prepaid rent + Deposit At Closing
Total rental income: $6,000 / 3 months

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?
Brand-new roof
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

Important Purchase Terms:
The information provided about properties is sourced from public records including property card and property tax records. We make no representations of any kind. Buyers are strongly advised to conduct their own due diligence before making an offer. A non-refundable earnest money deposit of $2,500 of the Asking Price and a signed purchase agreement are required to proceed with an offer. Our standard policy is an 'as is' sale with no contingencies or inspections, unless otherwise specified. Close as soon as the title is ready (approx 7 days). It is our company policy that the buyer pays for all closing costs including the title insurance fee.

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