As a real estate broker and active investor, I often find myself looking at the market trends in other metro areas in comparison with my home market.
I am constantly in awe of the wealth of opportunities to acquire investment properties in the Triangle at very formidable prices.
Take the following examples of properties currently available for sale:
Investment #13-year old townhomePrice $140,000Gross rents $1000Annual taxes: ~$1555Annual Insurance: $0 (included in homeowner's HOA payment)HOA - $80/month (includes insurance and exterior maintenance.)Cashflow: POSITIVE
Investment #2Recently renovated Duplex (2-units)Price $156,000Gross rents $1370Annual taxes: ~$1493Annual Insurance:~ $450Cashflow: VERY POSITIVE!
Investment #3Quad (4-unit)Price $120,000Gross rents $1400Annual taxes: ~$1585Annual Insurance:~ $550Cashflow: VERY, VERY POSITIVE!!!
As a whole the Triangle remains very affordable for both homeowners and investors.
If the aforementioned properties interest you, or if you'd like to learn more about what the Raleigh-Durham has to offer in the way of investment opportunities, feel free to reach me at tiffany@tiffanyelder.com.
I look forward to speaking with you soon!
-Tiffany Elder, MBABroker, Realtorwww.tiffanyelder.com
Tiffany Elder, MBA, Broker, RealtorParadigm Properties5317 Highgate Drive., Suite #211Durham NC 27510Office: (919) 260-2507 Fax: (866) 854-4717Email: tiffany@tiffanyelder.com
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