107 Calloway Ct

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107 Calloway Ct

Rocky Mount, NC 27804
Asking Price
Contact for price
Cap Rate
6.5%
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

Master lease on 16 units with ownership only paying taxes and insurance for those 16 units <p><strong>Unique New Construction Opportunity</strong></p><ul><li>​2018, 2019, and 2023 construction</li><li>​Turn key asset</li><li>​Villas at Wesleyan makes up 37.3% of all townhome product in the market and is the only townhome product built this century</li></ul><p><strong>Stable Cash Flow</strong></p><ul><li>​7 years remaining on master lease of 16 units with North Carolina Wesleyan University</li><li>​Most desirable student housing offering by the University with GPA requirements to rent<

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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