Duplex with 9% COC Return - 2 years old

[Aristotle Kumpis]

We have a two year old duplex located near downtown Cherryville North Carolina, only 48 minutes from Charlotte. Fully occupied. The builder is giving 2 years of free property management. And they are offering a 5.99%, 30-year fixed loan. Cash on cash return is very high, over 9%. Here's your chance to own a new property with high cash flow. 

-$439,000

-3 bedroom/2.5 bathroom each unit

-Gross rents are $3,300/month (both units are currently occupied)

-1-car garage for each unit

-No HOA

-Estimated cash flow of $900/month with 25% down