1017 Interurban Ave Charlotte, NC 28208
3bd, 1.5ba | 1,000sqft | Built in 1962
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Initial Investment
$121,699
List Price: $119,900
Purchase Price
$119,900
Down Payment
100%
Rent
$887

Total Return
$45,080
Annualized Return
7.1%
Cap Rate
5.8%
Gross Yield
8.9%
Cash Flow
$6,417
Appreciation
2.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
01/06/2014 
Lease End
03/05/2020 
Lot Size
9,148 
HOA
None
Flood Risk
Not Required
  • Pet fee included in the base rent of $35
  • Long-term lease in place through 2020
  • Historical 1-year appreciation of 7.4%
  • Single-story home

Annual Financial Highlight
Expected Rent
$10,112
Expenses
-$2,395
Property Taxes
-$1,300
Loan Payments
$0

Net Cash Flow
$6,417
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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