817 Ridgedale Ct

Charlotte, NC 28206
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2 bd, 1 ba | 960 sqft | Built in 1963

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List Price
$120,000

Initial Investment

$34,894

Purchase Price

$125,000

Down Payment

25%

Rent

$995

Total Return

$66,263

Annualized Return

24.2%

Cap Rate

6.3%

Gross Yield

9.6%

Cash Flow

$492

Appreciation

8.8%
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Features

Occupancy

Vacant

Lot Size

13,939

HOA

None

Flood Risk

Not Required

  • Less than $850 in immediate repair costs, see inspection report in diligence vault
  • Attractive cap rate
  • Walking distance to Sugar Creek Community Park

See more in Analysis

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Annual Financial Highlights

Expected Rent

$11,343

Expenses

-$2,755

Property Taxes

-$1,300

Loan Payments

-$6,796

Net Cash Flow

$492

See more in Financials

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