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$267,500

For Sale - Active
290 Woodlands Way Unit 10, Calabash, NC 28467
3 Beds
2 Baths
1,399 Square Feet
0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Aug 30, 2025 at 10:06AM

Investment Summary


Monthly Cash Flow
-$483
Cap Rate
3.5%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.1%

Property Description


0.00 Acres Lot
Built in 2004
For Sale - Active
Units n/a

Welcome to resort living! BEING SOLD FURNISHED AND INCLUDES A GREAT 1-YEAR CHOICE HOME WARRANTY. Take the elevator or the stairs to unit #10. You will love this END UNIT with it's uUPDATED master bath, LVT/LVP flooring in living area. The building roof was replaced less than 3 years ago. RECESSED LIGHT FIXTURES WERE UPGRADED TO LED - NO LAMPS FOR THE FIXTURES ARE NEEDED AND HAVE APPROX. 4 YEARS LEFT ON THE M/F WARRANTY. UPGRADED WITH DACORA PADDLE LIGHT SWITCHES THROUGHOUT. ASK ABOUT THE EXISTING CHOICE HOME WARRANTY Lots of amenities throughout Crow Creek: indoor pool, outdoor pools, amenity centers. exercise facility. It's a great place to live with option to generate rental income ! Schedule your showing!

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Location


Property Details


Parking

  • Description: Parking Lot
  • Details: Parking Lot, Paved
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Fiber cement siding (Hardi-board/Hardi-plank
  • Foundation: Slab
  • Roof Type: Wood Truss
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: CAMS
  • HOA Fee: $4,400/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 225EB010
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2004

Tax Information

  • Annual Tax: $1,103

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump, Electric
  • Cooling: Central Air

Location

  • County: Brunswick

Listing Details


Listed by:
Patti L Kielty
Realty ONE Group Dockside North
(843) 685-6014

Source:
Hive MLS (North Carolina Regional)
MLS#: 100503782
Hive MLS (North Carolina Regional)

Investment Summary


Monthly Cash Flow
-$483
Cap Rate
3.5%
Cash-on-Cash Return
-9.4%
Debt Coverage Ratio
0.62
Internal Rate of Return (5 years)
-5.1%

Purchase Details

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Purchase price:
$267,500
Amount financed:
-$214,000
Down payment:
$53,500
Closing costs:
$8,025
Rehab costs:
$0
Initial cash invested:
$61,525
Square feet:
1,399
Cost per square foot:
$191
Monthly rent per square foot:
$1.29

Financing Details

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Loan amount:
$214,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,266
Property tax:
$92
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,484

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$92-$1,103
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (20%)
20%-$367-$4,404
Total operating expenses: (50%)
50%-$909-$10,907

Cash Flow


Monthly Yearly
Net operating income:
$783 $9,396
Mortgage payments:
-$1,266 -$15,192
Cash flow:
$483 $5,796