8414 Moores Chapel Rd Charlotte, NC 28214
3bd, 1ba | 904sqft | Built in 1961
Expand
Initial Investment
$102,169
List Price: $99,900
Purchase Price
$99,900
Down Payment
100%
Rent
$900

Total Return
$40,439
Annualized Return
7.7%
Cap Rate
6.6%
Gross Yield
10.8%
Cash Flow
$6,031
Appreciation
2.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
01/21/2016 
Lease End
09/30/2019 
Lot Size
13,504 
HOA
None
Flood Risk
Not Required
  • Tenant renewed for 12 month lease at $900, effective 10/18
  • <$1,000 in immediate capital expenditures
  • <10 miles to Downtown Charlotte

Annual Financial Highlight
Expected Rent
$10,260
Expenses
-$2,629
Property Taxes
-$1,600
Loan Payments
$0

Net Cash Flow
$6,031
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.

BESbswy