8 Point Road photo 11 / 12

MLS #1293297

8 Point Road

Virgin Arm

$79,900

3 Beds
1 Bath
820 sqft
Single Family
Source Listing

Property Details

Investment Gold: Turnkey 3-Bedroom Home with Instant Cash Flow! Attention investors! Secure a highly desirable, well-kept 3-bedroom rental that delivers exceptional returns from day one. This property is a testament to solid maintenance and offers strong tenant appeal, making it a truly resilient investment. Key Investment & Property Features: Immediate Capital Flow: The unit is occupied by reliable, long-standing tenants who wish to remain, ensuring a seamless acquisition and guaranteed, uninterrupted income immediately upon closing. High-Demand Rental: The 3-bedroom configuration is a prime market segment, attracting stable, long-term tenants (families or groups) and commanding competitive rental rates. Tenant Appeal & Comfort: Tenants benefit from the cozy efficiency of wood heat, supplemented by reliable baseboard electric—a popular and cost-effective heating solution. Condition: The property is described as well kept, indicating pride of ownership and minimizing immediate maintenance concerns for the investor. Unique Bonus Amenity: A versatile outdoor wood shed/man cave provides extra storage and flexible space, adding significant value and appeal to the current tenant. Investment Highlight: This is a fantastic ""set-it-and-forget-it"" investment. It's a cash-flowing asset where the heavy lifting (finding and keeping tenants) is already done. Start earning immediately! Don't miss this chance to add a stable, high-yield asset to your portfolio. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$79,900
Down Payment - 5%$3,995
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$1,080

Mortgage Payment
$455
Property Tax
$125
Insurance
$150
Utilities
$350
Down Payment
$3,995
Loan Amount
$75,905
Total Interest
$60,553

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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