Sale Price
:
$25,000
Bedrooms
:
0
Address
:
142 Nevis Ln.,
Garage
:
City
:
Mooresville
Total Cars
:
0
State
:
North Carolina
Zip Code
:
28115
Yearly Tax
:
$1350
Down Payment
:
$0
Acres:
:
0.05
Square Feet:
:
2120
> Description
142 Nevis Ln, Mooresville:
Title: $25k Down, Rented Turnkey Investment, Market Value Over $238,500
Description: Beautiful 3 Bedroom 2.5 Bathroom Home in an excellent subdivision at the end of a road. For sale with financing and property management in place. This house can be purchased for $25k down and comes with a low interest mortgage balance of $157,200. No credit checks. An excellent long term investment with tremendous leverage
#1 Rated Best place to live in North Carolina (Mooresville, NC)
Nationally recognized Mooresville Graded school district
DOWN PAYMENT INVESTMENT: $25,000
TOTAL RETURN YEAR #1-76.5%
3 Bedroom, plus Bonus Room, 2.5 bath, 2 car garage
Community Pond, Walking trails, Pool, Basketball Court
YEARLY RETURNS:
CASH FLOW: Break Even
PRINCIPLE PAY DOWN: $1,788
APPROX TAX BENEFIT: $1350
PROJECTED APPRECIATION: $16,000
TOTAL RETURN YEAR #1: $19,138
CURRENT LOAN BALANCES: $157,200
MONTHLY PAYMENTS REMAINING: 268
ONLINE VALUE (HOMESNAP.COM) $238,500