Built in 2002 and Exceeds for sale in Charlotte, North Carolina

$72,000

$72,000! Built in 2002 and Exceeds the 1% Rent/Price Ratio - Tucker Glen
Location: Charlotte, NC
High cash flow with over $350 a month on only a $72,000 purchase price. That's equivalent to having a $140K financed property bring in $700/mo! And to put in LA terms, that's like getting $5100 in monthly rent and $3900 in cash flow on a $430K rental home. But, in truth, the LA homes gets $2500 in rent and probably $3000 less cash flow at best.
And along with this home being very inexpensive and a strong value play and giving exceptional cash flow it is not a old dog of a house. It was built just 13 years ago and has, for the price, a very desirable curb appeal. Should prove to be a home that is easy to re-rent if needed. But, that is not needed now. This tenant is staying put so the investor is good to go with a tenant-occupied home out of the gate.
Rent $850
Taxes 68
Management 60
Insurance 33
Mortgage 309
Cash Flow w $14,400 Down 380
Rent and expense projections supplied by others, so buyer needs to verify.
Information
Contact Information
Jay McBee
(818)

Bill Sutherland
(818)

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Pricing
Price: $72,000.00
Property Location
Tucker Glen
Charlotte, NC 28216
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Features
Bedrooms: 3
Bathrooms: 2
Parking Spaces: 2
Year Built: 2002
Garage Size: 2
Square Footage: 1119
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VFLYER ID: 7
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