| TOP (404) :USA (83) : North Carolina (4)
New Two Bedroom TownHomes For Investment in Charlotte, North Carolina USA
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| Property Group | Residential | | Property Type | House or Villa | | Built | 2008 | | Waste System | Septic | | Parking for | 2 Cars | | Price | US$ 139,900
For Sale |
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| Location | Calloway Glen | | Nearest City | Charlotte | | Living area | 1314.00 sq/m | | Bedrooms | 2 | | Bathrooms | 2.5 | | Living Rooms | 1 |
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| | For further details contact
John Wallace
143 Longview Drive
Chatham, 12037, NY
United States
Phone: +1-518-392-7062
Fax: +1-877-875-5704
http://www.worldrealtynews.com |
Listing has been viewed 769 times |
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Brand-new 2 bedroom townhome in the heart of one of the most vibrant new areas of Charlotte, Steele Creek/Lake Wylie. Easy commute to: Charlotte Douglas International Airport, Uptown, and Ballantyne. Five minute bike ride to 12K acre McDowell Nature Preserve, and a two minute walk to the beautiful new open air Rivergate Shopping Center.
A beautiful, friendly, and growing city, Charlotte is the acclaimed finance capital, home to Bank of America, Wachovia, BB&T, and SunTrust. Charlotte is the second largest finance city in the US, behind only New York City. There are many reasons why Charlotte will make a great home for you!
The Calloway Glen development is located on South Tryon Road, close to Highway 160 (outer loop), in the growing Steele Creek area. Calloway Glen is accessible to many of the best features Charlotte has to offer; Lake Wylie, Rivergate shopping Center, Charlotte Knights baseball, Charlotte Douglass International Airport and much more.
Calloway Glen offers its customers well designed floor plans, beautiful exteriors, a community pool, a low maintenance lifestyle, sidewalks and streetlights – all at a very affordable lifestyle.
LANDON MODEL TOWNHOME
3 Bedrooms
2.5 Baths
Driveway parking
Rental Potential: $995.00
PRO FORMA:
Model Plan Landon** Landon
Equity 10% 20%
$13,990 $27,980
Price $139,900 $139,900
Rent $995 $995
Mortgage 7% $837 $745
Taxes $104 $104
PMI $- $-
Insurance $28 $28
HOA $- $-
Management $- $-
Total Expenses $969 $877
Net Income $26 $118
Total Cash return
for year $315 $1,419
--------------------------------------------
Assumed appreciation*
5% $6,995 $6,995
Total return on Appreciation
Appreciation + Annual cash $7,310 $8,414
Approx. Yr 1 debt reduction $1,138 $1,138
Approx. Yr 2 debt reduction $1,220 $1,220
ROI Year 2 121% 69%
Approx. Yr 3 debt reduction $1,308 $1,308
ROI Year 3 183% 103%
Approx. Yr 4 debt reduction $1,403 $1,403
ROI Year 4 245% 138%
FROM CALLOWAY INVESTMENTS:
**2008 Calloway Investments, LLC. All rights reserved. Pro Formas are economic models only, and no guarantee or representation about the future results are made or implied. The information provided herein is provided including Pro Formas is not intended to be a substitute for your own due diligence and independent research. You agree that any purchase decisions you make will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, financial condition, and liquidity needs, and any other information available to you. You are reminded and agree that all real estate used for income or other investment purposes face the risks attendant to such an application, including that real estate values may go down, rents may decrease, and that vacancy rates may rise. Real estate is by its nature illiquid and a ready market may not exist for any particular property once purchased. Past performance is not a guarantee of future performance or results. Photos are for illustration purposes only and may not represent your final purchase.
NOTE: Hedge Loans are available for the purchase of these properties. A Hedge Loan is a stock secured loan product that allows investors to borrow against their stock portflios to create liquidity for a variety of purposes, including residential and commercial real estate. |
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