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Archived almost 5 years ago

$90,000

2 bd 1 ba 896 sqft

244 Leonard St , Jacksonville, NC 28540

Residential SFR Occupied Off MLS

Current Rent **

$725

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Turn Key in Jacksonville NC

Cute single family home that contains 896 sq ft and was built in 1950. It contains 2 bedrooms and 1 bathroom, bungalow overlooking New River. Hardwood floors in the living room, dining area, and both bedrooms. This home is just minutes to Camp Lejeune and New River Air Station. Most of the house was rehabed and updated 2017, roof and siding 2017. Current renter wants to stay in the residence, current rent is $695.00 about to bump up to $725.00 Rent-o- and zillow show other 2/1 w900 sqft renting for $750.00 but not as nice of property as this one.

W/90k loan w/20%
$584.56 in expenses
COC ROI 8.78%
$140.44 Cash flow

Call Jeff at 910-934-0428

Location:

244 Leonard St , Jacksonville, NC 28540

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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.