Activity in the Triangle (Raleigh-Durham) market is picking up.
The following 3 properties are currently available. All 3 offer very formidable returns!
| Sugarwood, Durham, NC |
| Ranch-styled duplex. Convenient location close to transportation and shopping |
| Neighborhood is a mix of single family and multifamily residences |
| | |
| Proforma Estimates: | |
| Purchase Price | $151,000.00 |
| % Down | 20.00% |
| Mortgage interest rate (blended rate) | 7.06% |
| Amort.Period (Years) | 30 |
| Monthly Gross Rents (if fully occupied) | $1,255.00 |
| Monthly Other Income | $0.00 |
| % Property Management | 8.00% |
| Annual Homeowners Assoc. Dues (HOA) | $0.00 |
| Annual Taxes (previous year actual) | $1,587.00 |
| Annual Insurance Estimate | $600.00 |
| Current occupancy | 100.00% |
| Interest only financing? (y/n) | y |
| | |
| MONTHLY INCOME: (assuming full occupancy) | |
| Rents | $1,255.00 |
| Other | $0.00 |
| TOTAL MONTHLY INCOME | $1,255.00 |
| | |
| MONTHLY EXPENSES: | |
| Mortgage Payment | $710.26 |
| Tax and Insurance | $182.25 |
| Property Management | $100.40 |
| HOA | $0.00 |
| TOTAL MONTHLY EXPENSES | $992.91 |
| | |
| ESTIMATED MONTHLY CASHFLOW | $262.09 |
| Year 1 Cash-On-Cash Return | 10.41% |
| Cap Rate (includes 8% vacancy and repair allowance) | 6.93% |
| | |
| If this property fits your investment criteria, contact Tiffany while it's still available! |
| | |
| Tiffany Elder, MBA, Realtor |
| Investment Consultant / Broker Associate |
| Realty Executives Southpointe |
| tiffany@tiffanyelder.com |
| | |
| Notes: All information is assumed accurate but not guaranteed. |
| Full due diligence is recommended before purchasing any investment property. |
| Cashflow and returns are based on financing and assumptions listed above. |
| Your financing for this property will depend on your creditworthiness. |
| Blended rate assumes 80% at 6.875%, 10% at 8.5 and 10% down… |
| These rates are for illustrative purposes only and may differ from your financing options |
| | | | | RALEIGH-DURHAM INVESTMENT PROPERTY ALERT | | www.tiffanyelder.com | | 
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Chapel Hill, Durham, NC | | TRIPLEX WITH RENTED FINISHED BASEMENT MULTIPLE OPTIONS FOR COMMERCIAL | | USE. ZONED COMMERCIAL NEIGHBORHOOD (CN). OWNER BILLS TENANTS FOR UTILITIES | | COMMON AREA WASHER & DRYER. 1 block from YMCA | | | | | Proforma Estimates: | | | Purchase Price | $219,000.00 | | % Down | 20.00% | | Mortgage interest rate (blended rate) | 7.06% | | Amort.Period (Years) (if not interest only) | 30 | | Monthly Gross Rents (if fully occupied) | $2,150.00 | | Monthly Other Income | $0.00 | | % Property Management | 8.00% | | Annual Homeowners Assoc. Dues (HOA) | $0.00 | | Annual Taxes (previous year actual) | $1,077.00 | | Annual Insurance Estimate | $750.00 | | Current occupancy | 66.67% | | Interest only financing? (y/n) | y | | | | | MONTHLY INCOME: (assuming full occupancy) | | | Rents | $2,150.00 | | Other | $0.00 | | TOTAL MONTHLY INCOME | $2,150.00 | | | | | MONTHLY EXPENSES: | | | Mortgage Payment | $1,030.11 | | Tax and Insurance | $152.25 | | Property Management | $172.00 | | HOA | $0.00 | | TOTAL MONTHLY EXPENSES | $1,354.36 | | | | | ESTIMATED MONTHLY CASHFLOW | $795.64 | | Year 1 Cash-On-Cash Return | 21.80% | | Cap Rate (includes 8% vacancy and repair allowance) | 9.06% | | | | | If this property fits your investment criteria, contact Tiffany while it's still available! | | | | | Tiffany Elder, MBA, Realtor | | Investment Consultant / Broker Associate | | Realty Executives Southpointe | | tiffany@tiffanyelder.com | | | | | Notes: All information is assumed accurate but not guaranteed. | | Full due diligence is recommended before purchasing any investment property. | | Cashflow and returns are based on financing and assumptions listed above. | | Your financing for this property will depend on your creditworthiness. | | Blended rate assumes 80% at 6.875%, 10% at 8.5 and 10% down… | | These rates are for illustrative purposes only and may differ from your financing options | | | | | | RALEIGH-DURHAM INVESTMENT PROPERTY ALERT | | www.tiffanyelder.com | |  
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Shackleton, Apex, NC | | Nearly-new duplex built in 2004. Maintenance free vinyl exterior. | | ocated in Apex, NC; one of the fastest-growing cities in the Triangle. | | Great-looking proerty with large 1200 sq ft/ 3 bed/ 2.5 bath units | | | | | Proforma Estimates: | | | Purchase Price | $238,000.00 | | % Down | 20.00% | | Mortgage interest rate (blended rate) | 7.06% | | Amort.Period (Years) (if not interest only) | 30 | | Monthly Gross Rents (if fully occupied) | $1,625.00 | | Monthly Other Income | $0.00 | | % Property Management | 8.00% | | Annual Homeowners Assoc. Dues (HOA) | $0.00 | | Annual Taxes (previous year actual) | $2,130.00 | | Annual Insurance Estimate | $600.00 | | Current occupancy | 100.00% | | Interest only financing? (y/n) | y | | | | | MONTHLY INCOME: (assuming full occupancy) | | | Rents | $1,625.00 | | Other | $0.00 | | TOTAL MONTHLY INCOME | $1,625.00 | | | | | MONTHLY EXPENSES: | | | Mortgage Payment | $1,119.48 | | Tax and Insurance | $227.50 | | Property Management | $130.00 | | HOA | $0.00 | | TOTAL MONTHLY EXPENSES | $1,476.98 | | | | | ESTIMATED MONTHLY CASHFLOW | $148.02 | | Year 1 Cash-On-Cash Return | 3.73% | | Cap Rate (includes 8% vacancy and repair allowance) | 5.74% | | | | | If this property fits your investment criteria, contact Tiffany while it's still available! | | | | | Tiffany Elder, MBA, Realtor | | Investment Consultant / Broker Associate | | Realty Executives Southpointe | | tiffany@tiffanyelder.com | | | | | Notes: All information is assumed accurate but not guaranteed. | | Full due diligence is recommended before purchasing any investment property. | | Cashflow and returns are based on financing and assumptions listed above. | | Your financing for this property will depend on your creditworthiness. | | Blended rate assumes 80% at 6.875%, 10% at 8.5 and 10% down… | | These rates are for illustrative purposes only and may differ from your financing options |
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