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$255,000

Listing Price

3beds

2baths

2,263sqft

20,038sqft lot

1516 Cypress Dr, Henderson, NC 27536

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

110.61

Price / sqft

1951

Year built

Home Details

A rare opportunity for all landlords! Seller financing available. This turnkey brick ranch home with an unfinished basement has quality tenant already placed. Tenant is Nursing Manager in a senior living community. Immediate rare to find cash flow for landlord investors and built-in equity from day one! Currently rented for $1,825/month. One year lease that expires on 6/30/2027, but tenants intend to stay long term. Located in a quiet, established neighborhood near Henderson Country Club, the home has benefited from numerous recent improvements. One-year Platinum Home Warranty is included. Property has numerous new items done: Electrical Panel by licensed electrician, Furnace by licensed HVAC company, Water Heater by licensed plumber, Refrigerator, Microwave, Washer, Dryer, Ceiling fans. Buy below market value, collect rent from day one, and add a well-improved property with built-in equity to your portfolio. Finish the basement yourself and further significantly enhance your return. Seller will provide a 1-year Old Republic Platinum Home Warranty, offering additional protection and peace of mind for the new owner. Schedule your showing today.

Interior Details

Square Feet
  • 2263

Bedrooms
  • 3

Bathrooms
  • 2

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Forced Air With Air Conditioning

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Basement (unspecified)

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 20038

Water
  • No

Sewer
  • No

Parking
  • Type:

    Carport (unspecified)

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    0

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • N/A

Foundation
  • N/A

Roof
  • Gable

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$2,022

$16,650

$102,301

--%

$118,951

2019

$2,017

$16,650

$102,301

--%

$118,951

2018

$2,017

$16,650

$102,301

--%

$118,951

2017

$2,010

$16,650

$102,301

--%

$118,951

2016

$2,010

$16,650

$102,301

--%

$118,951

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Average Home Price in 27536

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$354,900

4 Beds

2 Baths

2,458 Sqft

28,314 Lot (sqft)

Sold 07/10/2025

$299,900

4 Beds

3 Baths

2,409 Sqft

42,689 Lot (sqft)

Sold 10/13/2026

$470,000

4 Beds

3 Baths

2,564 Sqft

34,412 Lot (sqft)

Sold 10/13/2026

$325,000

3 Beds

2 Baths

2,230 Sqft

18,295 Lot (sqft)

Sold 10/12/2026

$314,999

3 Beds

2 Baths

2,445 Sqft

13,504 Lot (sqft)

Sold 10/13/2026

$255,000

3 Beds

2 Baths

2,263 Sqft

20,038 Lot (sqft)

Sold 10/13/2026

$349,000

5 Beds

4 Baths

2,397 Sqft

30,056 Lot (sqft)

Sold 10/13/2026

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
255,000
$
Down payment
51,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
1,530
$
HOA (Monthly)
0
$
PMI
0
$
$1,651
Your Payment
Total Monthly Payment:$1,651
Percent of Income:28%
Affordable:Yes

Details for 1516 CYPRESS DR

Property Debt

Foreclosure Contact Details