3517 Devereux Lane, Greenville, NC, 27834

Property Details: • Type: Single Family Residence • Bedrooms: 4 • Bathrooms: 3 • Square Footage: 2,764 sq ft

Description: Off-Market Investor Opportunity: Colony WoodsGreenville, NC

Investor-exclusive offer ends: 04/28/26

Stabilized, income-producing single-family rental built in 2018. Immediate cash flow with professional management (Russell Property Management) already in place for a seamless buy-and-hold transition. Lower near-term CapEx risk due to newer construction.

### Financial Snapshot (from PM Package)

- Rent: $3,000/mo ($36,000/yr)verified via management statements - Management fee: $2,880/yr (8%) - HOA: $252/yr - Estimated taxes: ~$3,200/yr (buyer to verify) - Estimated insurance: ~$1,200/yr (buyer to verify) - Stated NOI: $28,468/yr (before debt service) - Cap rate scenarios (NOI-based): ~6.3% @ $450k ~6.5% @ $435k ~6.7% @ $425k

### Property Details

- 4 bed / 3 bath / 2,764 sf 2018 build Lot ~0.28 acres - Tenant occupied do not disturb; showings coordinated with PM and tenant

### Why It Works (Investor Logic)

- Stabilized cash flow from Day 1. Newer construction reduces repair and replacement risk. - Strong local demand: East Carolina University (ECU) and ECU Health - Low HOA dues and neighborhood standards support long-term value

### Due Diligence Packet Available

Executed lease and renewal, 1224 month rent ledger and payment history, tenant estoppel, delinquency report (Feb 2026), PM agreement and fees, HOA docs, and financial scenarios (cap rates and purchase scenarios).

Investor-exclusive offer window: 04/28/26.

Next steps: Proof of funds or DSCR pre-approval required before access.

https://tinyurl.com/Invest-NC

*Informational only; not an offer. Buyer to independently verify all financials, lease, condition, taxes, insurance, and financing. No guarantees on future rent, vacancy, or appreciation.*

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