• Address: 217 Edgegreen Dr, Charlotte, NC 28217 (map)
• Date Posted: 11/05/09
• Bedrooms: 3
• Bathrooms: 2
• Size (sq ft): 1304
• Year Built: 1965

You've asked for cash flow and now it's being delivered. We have priced Edgegreen so that you, the investor, is able to capitalize on a beautiful new renovation and get a quality tenant in to maximize your excess income compared to your debt service, taxes, and insurance. Located just minutes from the Charlotte-Douglass International Airport, Edgegreen's tenants will have easy access to not only transportation, but more importantly, quality jobs. With Charlotte being a banking capital along with it being the home to Lowe's Home Improvement and Nascar, your tenants are sure to have the opportunity for excellent employment while you sit back and collect cash flow on an investment located inside the 485 loop. If you've seen the population and jobs growth projections for the coming years in Charlotte, you'll understand why it is important for your investment to be inside this loop. While the renovation is more extensive than simple cosmetics, our preferred contractor will be taking care of ALL items on the inspection report that we have provided and it will be delivered on time at budget. To compensate for this higher cost, the purchase price is set at a very affordable price for either a cash buyer or an investor looking to finance. Financing Available. We can lend purchase + repairs, and we have long term financing partner to pay off short term. Possible to buy this home with little to no money down. Disclosure: Appraised values reflect the date of this posting. Due to continually changing market conditions, appraised values may change slightly based on the time of refinance, changing market conditions, and/or the individual appraiser performing the analysis. *Purchase Price: $45,700 *Appraised Value: $84,000 *Annual Taxes: $868 *Renovation Estimate: $14,200 *Rent Range: $700-800 *Gross Monthly Cash Flow: $259-279 *Net Monthly Cash Flow: $119-139 *Cash on Cash Return: 28% Buy this home with renovation, closing, and financing costs included for only $5,540 out of pocket.

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