208 Pond St #1, Mooresville, NC 28115

Cash Buyers only Call (704) 727-6220 This property is great starter home or rental property. The next cheapest home on the market in the area is $90,000. It is in move in condition aside from having the carpets cleaned and minor touch ups to the paint. Kitchen has upgraded granite countertops and custom kitchen cabinets All appliances are included in the sale. For investors this is a no brainer 10% cap rate in Mooresville Rental comps http://matrix.carolinamls.com/Matrix/Public/Portal.aspx?ID=3048315759 Sale comps http://matrix.carolinamls.com/Matrix/Public/Portal.aspx?ID=3048297954 Cheapest active property is $90,000 If property was rented for $750 monthly Gross annual income is $9,000 Taxes Are $827 and insurance is estimate is $500 Net Operating Income (NOI) $7,673 This will yield a 10.96% cash on cash return Cash buyers only Please call (704) 727-6220 for questions or to schedule appointments