Three bedroom student condo in good shape. Tenant occupied with $650 lease in place until 8/2012. Tenant pays electrical bill and water over $20/mo. Income potential $6240 per year (taken 20 % reserve for vacancy and maintenance) Expenses mtg $180(80% LTV and 5% interest) HOA $125 taxes water $20 Tax $59 for a total of $4604 per year. Positive cashflow $1636 or 18% ROI
Note: The following are in regards to the Colville II building, not individual listings.
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1624 Arlyn Circle Charlotte, NC 28213 in the
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This listing is courtesy of: Michel Thonissen, Merritt Realty Inc.
Listing Agent: Michel Thonissen 7049681540
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