Take a look at this RENT READY gorgeous and well maintained SFH with an est 15% CAP rate priced $30,000 under assessed value in HIGH POINT, NC.
This 4 bedroom, 2 bath single family home sits on a 2,500 sqft lot and can rent for $1,200 a month. Your investor price $79,000.00. After operating costs of property taxes and insurance, along with a 5% management fee, you will see a 14.6% CAP rate. Rent this home and watch the tenant pay back your investment or sell for a large profit in a short time period. Get a great return on your investment and buy into equity in a growing town.
A globally-connected community, High Point has earned the nickname “North Carolina\'s International City™ and Home Furnishings Capital of the World™. Two times per year, the City hosts the High Point Market, the world\'s largest home furnishings trade show in the USA.
High Point is poised for high employment rates and steady growth. The High Point economic development corporation stated on March 05, 2018 that “The Greensboro-High Point MSA has been ranked #2 in the nation for new and expanded corporate facilities in 2017, in metro areas with populations of 200,000-1,000,000. The MSA is composed of Guilford, Randolph, and Rockingham counties”
High Point’s unemployment rate peaked at 11.1% in 2010 but has been steadily decreasing since then, almost back down to levels seen before the Great Recession. High Point has a job growth of 1.96%. Future job growth over the next ten years is predicted to be 38.51%.
People are looking for better quality of living and it’s here in High Point, North Carolina, with sales tax rates of 6.75% and an Income tax of only 5.75%.
There is also High Point University that is around the corner from the property and the University ranks in #1 Regional Colleges South, #1 in Best Undergraduate Teaching, and #1 in Most Innovative School.
There have been TWENTY-ONE OFFICE/INDUSTRIAL PROJECTS FOR HIGH POINT AND GREENSBORO OVER THE LAST YEAR
Closed sales:
321 Montlieu Ave, High Point, NC sold for $125k - 4/2, 1,815 Sq-ft
407 E Farriss Ave, High Point, NC sold for 100k - 3/1.5, 1,518 Sq-ft
715 Forrest Street, High Point, NC sold for 95k - 2/1, 1,440 Sq-ft
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