3 beds 2 baths in Benson, NC

Subto Hybrid Opportunity in Benson, NC – 3.875% Rate for a HOT Wrap Opportunity

Seize this exceptional Subto hybrid deal in Benson, NC, featuring a low 3.875% interest rate, perfect for a wrap investment strategy. This modern property, built in 2021, offers 3 bedrooms and 2 bathrooms, encompassing 1,800 square feet of living space on a 6,098 square foot lot. With a total purchase price of approximately $360,000 (including assignment), this home provides a lucrative opportunity for savvy investors.

Property Information:

• Address: Benson, NC
• Bedrooms: 3
• Bathrooms: 2
• Year Built: 2021
• Living Area: 1,800 sq ft
• Lot Size: 6,098 sq ft
• HOA Fee: $200/year (12-month minimum rental restriction)

Deal Information:

• Total Purchase Price (including assignment): ~$360,000
• Entry Fee: $35,000 + Closing Costs + Transaction Coordinator
• Seller Financing: $70k-$80k at 0% interest, ~$300/month (negotiable), balloon in 10 years
• Earnest Money Deposit (EMD): $2,500

Loan Information:

• Mortgage Balance: $260,000
• Interest Rate: 3.875%
• PITI: $1,570/month
• Total Monthly Payment (including seller financing): ~$1,870/month

Recommended Exits:

• Long-Term Rental (LTR): $1,800 – $2,000/month
• Mid-Term Rental (MTR): $2,500 – $3,200/month (buyer to perform due diligence on navigating restrictions)
• Wrap to Homestead: ~$2,400/month + down payment

Additional Information:

• Restrictions: No short-term rentals due to a 12-month minimum rental restriction.
• Location Perks:
  • 30 miles to Raleigh
  • 32 miles to Fayetteville
  • 49 miles to Raleigh-Durham International Airport
  • 12.7 miles to Noles Field Airport
  • 51 miles to North Carolina Central University
  • Walkable to downtown shops, eateries, a brewery, a park, a school, and clinics

This property is strategically located in a vibrant community with easy access to major cities, airports, and educational institutions, making it an excellent choice for long-term or mid-term rental investments. The modern build and favorable financing terms provide a solid foundation for significant cash flow and potential equity growth. Secure this prime investment with an entry fee of $30,000 plus closing costs and a transaction coordinator fee, and explore the multiple profitable exit strategies available.

Details

Property ID
SPSP-18257

Bedrooms
3

Bathrooms
2

Property Size
1800

Entry Cost ($)
35000

APR (%)
3.875

PITI ($)
1570

Balance ($)
260000