SOLD! Positive cash flow of $217.29 monthly.
This one has already SOLD. A good buy in North Raleigh. This one I bought myself. Located at 1604 Seminole Trail in the Pincrest subdivision just behind The Raleigh Community Hospital. It's a 3 bedroom ranch with a nice kitchen, a large breakfast area and a nice living room.
The exterior is brick and vinyl, the windows are storm windows, the roof is new and the heating and cooling system is only a few years old. It has a fenced backyard, a concrete driveway and is located on a cul-de-sac. This one is valued at approximately $107,000. I paid $100,000 and put down 20%. My principal and interest payment is $486.09 and my total payment is $582.71. This unit is rented for $800.00 per month which gives me a monthly cash flow of $217.29. This home needed very little work other than a new mailbox and post and a little bit of cleaning inside.
SOLD! Positive cash flow of $300.00 monthly.
This is a little gem. Located in N. E. Raleigh. One of our clients purchased this 3 bedroom 2
bath ranch located on a nice lot. This home was in excellent condition with practically no
work needed. In fact a tenant was found immediately and moved in shortly after closing. The
total PITI monthly payment on this property is $550.00 and is rented for $850.00. The
purchasers put a 20% down payment and took out an investment loan for 30 years. A nice investment.
SOLD ! Positive cash flow of $308.83 monthly.
This property purchased in the Garner area for $113,000 is a block building divided into
two units both in excellent condition. They are both 2 bedroom and one bath units. At time of
the purchase they are fully leased totaling $1030.00. Each unit has 788 square feet and is
situated on ½ acre. It also had a new HVAC unit, new windows, new kitchen cabinets and tile kitchen floors. The purchaser put a down payment
of 20% and has a positive cash flow of $300.00 per month. Another nice investment.
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