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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
11
Photos
3
beds
1
bath
1,107
sqft
Built in
1950
Looking for an easy to rent, east to manage rental with a great return? Look no further! This student rental is oh so close to the heart of Elon University and leases itself due to a long term relationship with University fraternity. Recent upgrades include LVT flooring in common areas, new roof on the rear portion of the home, HVAC four years old. Fenced yard. Home is well maintained. Crawl space structurally reviewed and repaired. Lease in place, June 1 2024-May 31 2025) at $2,400/mo. Factoring in all expenses, cap rate is 9.0%! Management is a breeze with existing property management relationship that bills on an hourly basis.
Features & Amenities
Interior
- Appliances:
- Dishwasher, Electric Oven, Range, Refrigerator, Washer/Dryer, Water Heater
- Flooring:
- Carpet, Laminate
- A/C:
- true, Central Air, Gas
- Heating:
- true, Central, Propane
Exterior
- Style:
- Ranch
- Parking:
- Gravel
Construction
- Roofing:
- Shingle
- General:
- Vinyl Siding, 1, Block
Location
- Road/Access:
- City Street
- Originating MLS:
- Triangle MLS
- County:
- Alamance
Lot
- Zoning:
- 109486
- Fencing:
- Wood
Utilities
- Utilities:
- Cable Available, Sewer Connected, Water Connected
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Triangle MLS
This listing courtesy of:
Compass -- Chapel Hill - Durham, Ed W Billings
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Elon, NC
Housing
- Number of Units
- 5,716
- Median Home Value
- $190,262
- Median Rent
- $884
29.36% of housing units are renter occupied.
7.66% are vacant.
Commute
- Car
-
79.53%
- Public Transportation
-
0.00%
- Walk to Work
-
3.39%
- Work from Home
-
16.79%
- Other
-
0.27%
The median travel time to work is 20 minutes.
People
- Population
- 17,234
- Median Age
- 30.60
- Median Household Size
- 2.79
Education
- High School
-
24.82%
- Associate’s Degree
-
10.35%
- Bachelor’s Degree
-
18.07%
- Graduate Degree
-
11.72%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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