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Archived 12 months ago

$410,000

5+ bd ba 4228 sqft

XXX Lustre Rd, Charlotte, NC 28215

Residential SFR Occupied Off MLS

Current Rent **

$3,400

Projected Rent **

$3,400

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Charlotte, NC | $ 110K Equity spread | $ 40,800 PREPAID rent

End Buyers Only

XXX Lustre Rd, Charlotte, NC,28215

Investment Opportunity + Leaseback:

Asking Price: $ 410K

Equity Spread: $ 110K

Monthly Rent: $ 3,400 with 12 months of prepaid rent + deposit

Total rental income: $ 40,800

5 BD / 2.5 BA

Sq. Ft: 4,228

Lot size (Acres): 0.27

Year Built: 2011

Seller wants to stay as a tenant

Why buy this property?

Target - Lowe’s Home Improvement: 1.5 Mi

UNC Charlotte: 2 Mi

I-85: 3 Mi

I-485: 2.5 Mi

Low Crime Rate

Investment Potential

Proximity to Work

Good Schools

Community Amenities

DISCLAIMER:

DO NOT CONTACT THE OWNER/SELLER WITHOUT OUR EXPLICIT CONSENT. ANY ATTEMPTS TO RENEGOTIATE OR MAKE CONTACT WITH THE OWNER WILL RESULT IN LEGAL ACTION

Location:

XXX Lustre Rd, Charlotte, NC 28215

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.