Charlotte

Address:
Dan Drive

4 Bed / 2.0 Bath
Year Built: 1986
House Size: 1,425 Sq Ft
Lot Size: 12,197 Sq Ft
SUMMARY

Purchased from private seller for $141,500 in 2015
Comparable properties were selling for $155,000+
Located in high-demand / rental rate upper middle class neighborhood in South Charlotte
Renting for $1,500 per month
Current market value*: $148,864

*Source: Market Comp Report, February 2015
MARKET INFORMATION
Market Information: Charlotte, North Carolina

Address:
Harris Boulevard

6 Bed / 3.0 Bath
Year Built: 2009
House Size: 2,504 Sq Ft
Lot Size: 16,117 Sq Ft
SUMMARY

Purchased from an investor for $148,000 in 2015
At the date of purchase, comparable properties were selling for $175,000+
Located in strong middle/upper middle class neighborhood in east Charlotte
Renting for $1,450 per month
Current market value: $175,000*

*Source: Market Comp Report, January 2015
MARKET INFORMATION
Market Information: […]

Address:
Castle Road

4 Bed / 3 Bath
Year Built: 2003
House Size: 1,855 Sq Ft
Lot Size: 8,276 Sq Ft
SUMMARY

Short-sale acquired for $106,000 in 2014
Located in high-rent neighborhood in northeast Charlotte
Rented for $1,149
Sold in 2016 for $137,750
16% Cash on Cash Return (COC)
[…]

Address:
Morning Lane

4 Bed / 2.5 Bath
Year Built: 1985
House Size: 1,704 Sq Ft
Lot Size: 6,534 Sq Ft
SUMMARY

Acquired as Bank REO in 2014 for $103,000
Located in establish neighborhood 10 miles east of downtown Charlotte
Renting for $1,100 per month
Market Value*: $120,000

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*Source: Market Comp Report, February 2015
MARKET INFORMATION
Market Information: Charlotte, North Carolina