Newton · Newton, NC
736 E 11th Street
Newton, NC · 902 sqft
$200,000
- 3Beds
- 1Baths
- 902SqFt
- 1963Year
- 11Days on market
About this home
Turnkey rental opportunity in Newton, NC! This 3-bedroom, 1-bath home offers 900 square feet of living space and sits on a spacious 0.94-acre lot with a tenant already in place, making it an ideal addition to any investor’s portfolio. Currently leased at $1,350 per month through the end of May 2026, the property also presents future upside with market rent estimates of $1,450 or more. Interior features include an updated bathroom, tiled kitchen flooring, and original hardwood floors that add character and durability. The crawlspace has been fully encapsulated and includes a permanent dehumidifier system for added peace of mind. Outside, you’ll find a 2-car metal carport with an attached storage building, plus the convenience of city water and sewer—no well or septic maintenance required. The refrigerator and stackable washer and dryer convey with the sale. With a strong rental history and long-term potential, this property is perfect for buy-and-hold investors or owner-occupants willing to honor the existing lease terms. Tenant occupied—do not disturb. Showings by appointment only.
Property details
- Beds
- 3
- Baths
- 1
- SqFt
- 902
- Lot
- —
- Year built
- 1963
- Type
- Single Family
- Days on market
- 11
- Heating
- Electric
- Cooling
- Central Air
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,471/ month
- Principal & interest
- $1,238
- Property tax (~1.05%)
- $175
- Homeowners insurance
- $58
- HOA dues
- —
Down payment
$10,000 down · $190,000 financed
Income to qualify (28% rule)
~$63,085 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he 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.