6230 Holly Knoll Dr Charlotte, NC 28227
3bd, 2.5ba | 1,568sqft | Built in 1978
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Initial Investment
$43,005
List Price: $150,000
Purchase Price
$150,000
Down Payment
25%
Rent
$1,000

Total Return
$18,910
Annualized Return
7.5%
Cap Rate
5.0%
Gross Yield
8.0%
Cash Flow
-$517
Appreciation
2.8%
Features
Occupancy
Occupied
Lease Start
10/20/2017 
Lease End
10/31/2018 
Lot Size
11,761 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$11,400
Expenses
-$2,732
Property Taxes
-$1,731
Loan Payments
-$7,455

Net Cash Flow
-$517
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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