Forest City · Forest City, NC
181 Sandy Hill Drive
Forest City, NC · 560 sqft
$299,900
Reduced from $320,000
- 1Beds
- 1Baths
- 560SqFt
- 1982Year
- 126Days on market
About this home
Attention Investors! Don't miss this excellent income-producing opportunity featuring four tiny homes situated on approximately .81 acres. All units are in good condition, with three homes currently rented at $800 per month and the fourth generating $1,000 per month-offering immediate cash flow. Property is connected to city water and ideally located less than 5 miles from downtown Forest City, providing covenient access to shopping,dining, and local amenities. Whether you're looking to expand your rental portfolio or to step into multi-unit investing, this property checks all the boxes!
Property details
- Beds
- 1
- Baths
- 1
- SqFt
- 560
- Lot
- —
- Year built
- 1982
- Type
- Single Family
- Days on market
- 126
- Heating
- Central
- Cooling
- Central Air
- Foundation
- Slab
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,169/ month
- Principal & interest
- $1,857
- Property tax (~0.90%)
- $224
- Homeowners insurance
- $87
- HOA dues
- —
Down payment
$14,995 down · $284,905 financed
Income to qualify (28% rule)
~$92,990 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.