4 beds 2 baths in Maxton, NC

Seize the opportunity to own a captivating property in Maxton, NC. This single-family home, built in 1977, offers 1,600 square feet of living space with 4 bedrooms and 2 bathrooms. Priced at $139,000 with a mortgage balance of $132,709.98, it presents an exceptional value with a total entry cost of just $11,287, which includes $6,287 in arrears and a $5,000 assignment fee.

The home is structured with a 30-year amortization at a 3.5% interest rate, making the monthly PITI payment an affordable $1,000.43. The breakdown of the payment includes $237.19 towards principal, $382.96 towards interest, and $380.28 for taxes and insurance. Notably, there is no balloon payment, adding stability to this investment.

Currently vacant, this property can generate a monthly rent of $1,429, offering a favorable return on investment. An earnest money deposit of $1,000 is required to secure the transaction. The community is governed by an HOA, ensuring the property and its surroundings are well-maintained, which could enhance the property’s value and appeal.

This home is an excellent opportunity for investors seeking a property with steady rental income potential or families looking for a spacious and affordable residence in a managed community.

Details

Property ID
SPSP-18081

Bedrooms
4

Bathrooms
2

Property Size
1600

Entry Cost ($)
11287

APR (%)
3.5

PITI ($)
1043