An income-producing property in North Carolina at a price of $ 25,000 below the market price!

Hello to all investors,

Opportunity to invest in a rental property in a highly sought after area in North Carolina.

About the property
This is a property the size of 1116 Square Foot (large for the area) which is in a highly sought after area for rent and sale.

Property price, equity and return
The property was purchased two years ago and is now sold with built-in equity and below the market price as can be seen in the data below. (About $ 25,000 below market price).

Yield of 6.91% today. Possibility to increase yield up to 10.89% - estimated yield (according to the amount of rent that will be received in the business plan below)

You can evict the tenant at any stage, renovate about $ 5000 to $ 10000, and increase the rent significantly to the market rent - about $ 1000 a month.

The area
Highly sought after area for rent and sale in North Carolina. Rated Level A by the Niche site. (More details on the area below)
The property is in one of the most developing areas in North Carolina with an option for a large increase in value in the coming years.

Annual income currently from rentals
9,000 dollars

Possible business plan
Leave the property as is, or evict the tenants, improve the property and raise the rent.

Annual income after raising the rent to $ 1000 a month

12,000 dollars

Predicted return
9.75 percent

Value of properties in the area
Similar properties in the area have been sold in the past year, according to a CMA report at an average price of $120,783 (See attached report)

Current value for those of the Zilo Index: $ 122,400

Index and rental history in the area

A rentometer shows an average of $ 958 per month

General Information on Greensboro, North Carolina

Highly sought after area for rent and sale in North Carolina. Rated Level A by the Niche site.

Greensboro (BEnglish: Greensboro) Is a city indistrict Gilford sat downNorth Carolina. It is the third largest city in the country and the largest in the province. For decades, Greensboro was considered the center of thetextile Andtobacco Of North Carolina. In a census conducted in2000 Greensboro has 223,891 inhabitants and today (2020) has a population of almost 300,000 people. Several celebrities were born or lived in the city, among them or. Henry, Dolly Madison וEdward Morrow.

The industry is coming to town

reverse Significant occurred in the early 40s Century 19, When the government determined that the railroad ea train The new one will pass through Greensboro and be settled there station. This was done under the influence of Governor of North Carolina, John Motley is rebellious (Morehead), who was a husband Orchards In the city. This action quickly connected Greensboro toMarkets All over the United States, and especially toWashington DC, ToNew Orleans ValAtlanta And it became the center of thetransportation The main of the whole area.

As a result it evolved Industry Great in Greensboro, in character Factories Various, especially in the field of etextile Andtobacco, Which employed thousands of workers, and Greensboro becameMain Business Center Of the entire region. The city grew Economic development וDemographic At a very accelerated pace and was called "Gate City", meaning the city that serves as a gateway to the district.

To rate the area by Niche website click here

A comparative index of similar homes sold in the area

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