Sale Price
:
$25,000
Bedrooms
:
3
Address
:
1815 Wilton Gate Dr.,
Garage
:
no
City
:
Charlotte
Total Cars
:
0
State
:
North Carolina
Zip Code
:
28262
Yearly Tax
:
$994
Down Payment
:
$0
Acres:
:
0.03
Square Feet:
:
1520
> Description
Description: Beautiful 3 Bedroom 2 Bathroom Home in an excellent subdivision at the end of a road. For sale with 4% financing and property management in place. This house can be purchased for $25k down and comes with a low interest mortgage balance of $112,000. No credit checks. A long-term tenant is currently in place paying more than the mortgage. Including principle pay-down, this property yields a potential 63% return on investment the first year. Yearly returns include cash flow $1,977.32 and principal pay-down of $2,105.04. An excellent long term investment with tremendous leverage.
1815 Wilton Gate
Charlotte, NC
Rented: $945/month
Loan Payment: $781 (PITI)*
Annual Taxes: $1539*
Annual Insurance:$445*
HOA: $200/year
Loan Balance: $112,000
Market Value: $130,000
Mgmnt: FREE