This property presents a lucrative investment opportunity with its solid financials and promising returns. The house, situated in a desirable area of Hubert, NC, offers ample space with three bedrooms and 1.5 bathrooms over 1,300 square feet. With a strategic investment of $34,500, investors can expect a healthy cash flow and an attractive cap rate. The financing terms are favorable, with a 10% interest rate on an amortizing 30-year loan. The projected returns and ratios indicate a robust investment with considerable appreciation potential. The detailed financial breakdown, including assumptions and projections, provides a clear understanding of the investment's viability. This property is an excellent choice for investors seeking to expand their portfolio with a promising real estate asset.

Financials:

• Purchase Price: $150,000
• After Repair Value (ARV): $175,500
• Cash Needed: $34,500
• Projected Monthly Cash Flow: $287
• Cap Rate: 10.7%
• Cash on Cash Return: 10%
• ARV Per Square Foot: $135
• Price Per Square Foot: $115.4

Financing Details:

• Loan Type: Amortizing, 30-Year
• Interest Rate: 10%
• Loan Amount: $120,000
• Loan to Cost (LTC): 80%
• Loan to Value (LTV): 68.4%
• Monthly Loan Payment: $1,053

Returns & Ratios (Year 1):

• Cap Rate (Market): 9.2%
• Return on Equity: 5.6%
• Return on Investment: 56.6%
• Internal Rate of Return: 56.6%
• Gross Rent Multiplier: 8.33
• Equity Multiple: 1.57
• Break Even Ratio: 75.9%
• Debt Coverage Ratio: 1.27
• Debt Yield: 13.4%

Assumptions & Projections:

• Vacancy Rate: 5%