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$63,900

For Sale - Active
809 Stadiem Dr, Kinston, NC 28501
2 Beds
1 Bath
784 Square Feet
0.20 Acres Lot
Built in 1952
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: Jun 06, 2025 at 03:07AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$621
Cap Rate
11.7%
Cash-on-Cash Return
11.3%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
15.0%

Property Description


0.20 Acres Lot
Built in 1952
For Sale - Active
Units n/a

Charming 2 bedroom home with newly refinished wood floors, carpet, and fresh paint. Located at the end of a quiet street, this property is perfect for owner occupants as well as investors. Back on market due to previous buyer inability to obtain financing. Property is not available for ''rent-to-own'', not for rent, no seller financing, ''creative financing'' or ''wholesalers''.

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Location


Property Details


Parking

  • Description: Off Street
  • Details: Off Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 452507696977
  • Lot Size: 8712 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1952

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Public
  • Heating: Other, Natural Gas
  • Cooling: None

Location

  • County: Lenoir

Listing Details


Listed by:
The Nilsen Team
eXp Realty
(252) 367-1186

Source:
Hive MLS (North Carolina Regional)
MLS#: 100456887
Hive MLS (North Carolina Regional)

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$621
Cap Rate
11.7%
Cash-on-Cash Return
11.3%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
15.0%

Purchase Details

Find an Agent

Purchase price:
$63,900
Amount financed:
$0
Down payment:
$63,900
Closing costs:
$1,917
Rehab costs:
$0
Initial cash invested:
$65,817
Square feet:
784
Cost per square foot:
$82
Monthly rent per square foot:
$1.15

Financing Details

Find a Lender

Loan amount:
$0

Financing is not included in this analysis because the purchase price is under $75,000. Most lenders have minimum loan amounts and typically do not provide financing for properties below this threshold. However, if you’d like to include financing, you can customize the value through the Customize Inputs tab.

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$900 $10,800
Vacancy loss: (6%)
6% -$54 -$648
Operating income:
$846 $10,152

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$63-$756
Property management: (8%)
8%-$72-$864
Repairs & maintenance: (5%)
5%-$45-$540
Capital expenditures: (5%)
5%-$45-$540
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$225-$2,700

Cash Flow


Monthly Yearly
Net operating income:
$621 $7,452
Mortgage payments:
$0 $0
Cash flow:
$621 $7,452