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Turnkey Investment Properties for Canadians

 

Reasons to Invest in Charlotte, North Carolina

Charlotte, North Carolina is a pro-business city in the rapidly growing Southeastern United States. Containing seven Fortune 500 companies within the city limits and an eighth in the metro area, Charlotte continues to show its ability to recruit and retain the top businesses and top working talent in the region. 365 of Fortune’s top
500 companies have placed one or more facilities within Mecklenburg County.

Typically seen as a banking and finance town with Bank of America's Headquarters and Wells Fargo's East Coast operations downtown, Charlotte is also an emerging power in the energy sector. Duke Energy services 5 states in the Southeast and Midwest covering 50,000 square miles and is a leader in developing innovative renewable energy solutions, including wind, solar and biopower projects.

Charlotte is also a large transportation and distribution center. There is great pride in Charlotte Douglas International Airport which is home to US Airways largest hub and offers non-stop service to 170 cities worldwide. This is a vital piece to the local business climate and its importance cannot be overstated.

Charlotte Statistics

Rise in renters: +6%
Median income: $49,779
Unemployment: 8.7%
Median house or condo value: $175,600
Median rent: $811
It’s a good time for investors in rental
properties and not so good for renters in Charlotte,
because increased occupancy in rentals means
fewer enticements, higher rents, and possibly even
shortages.

-CNBC.com, Cities Where Renting is On the Rise
“In Charlotte, nearly 5,000 units were absorbed during
the 12-month period ending in August, according to a
report last year by multifamily research firm
Real Data. The average vacancy rate has fallen to
7.2%. At the same time, only five communities
totaling 1,137 units are under construction. That’s
up from 524 units in February but is still far
below historic levels. With a scarcity of inventory,
developers have plans for 7,206 more units in the
market, according to Real Data.”

- Charlotte Business Journal

Turnkey Investment Properties in Charlotte, North Carolina

The following is our most current inventory of properties.  All these properties have been fully renovated and have tenants in place with a one year lease.  Please call us to inquire or send us a quick email through the contact us page.

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$86,000
1707 Weststone
Charlotte, NC, 28208
3 bed/2 bath
1100 sq ft

Insurance $453.00
Annual Tax $1,257.00
Monthly Rent $950.00
Property Mgmt Fee 8.00 %
Annual Gross Yield 13.26%
Annual Net Yield 10.21%
Last Market Rate Sale Price $96,500.00
Last Market Rate Sale Date 3/15/2002
Estimate Sale Price (5yrs): $107,500.00
Avg Annual Yield with sale (IRR): 15.82%


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$74,000
7830 Lobilia Ln
Charlotte, NC
3 bed/2 bath
1100 sq ft
10.11%

Insurance $381.00
Annual Tax $1,247.00
Monthly Rent $825.00
Property Mgmt Fee 8.00 %
Annual Gross Yield 13.38%
Annual Net Yield 10.11%
Last Market Rate Sale Price $104,000.00
Last Market Rate Sale Date 11/9/2006
Estimate Sale Price (5yrs): $92,500.00
Avg Annual Yield with sale (IRR): 15.76%

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$85,000
3417 Braewick
Charlotte, NC
3 bed/2 bath
10.13%

Insurance $394.00
Annual Tax $1,206.00
Monthly HOA / Condo Fee
Monthly Rent $925.00
Property Mgmt Fee 8.00 %
Annual Gross Yield 13.06%
Annual Net Yield 10.13%
Last Market Rate Sale Price
Last Market Rate Sale Date
Estimate Sale Price (5yrs): $105,000.00
Avg Annual Yield with sale (IRR): 15.42%


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$85,000
3836 Foxford Pl
Charlotte, NC
3 bed/1 bath
10.07%

Insurance $371.00
Annual Tax $1,183.00
Monthly HOA / Condo Fee
Monthly Rent $825.00
Property Mgmt Fee 8.00 %
Annual Gross Yield 13.20%
Annual Net Yield 10.07%
Last Market Rate Sale Price
Last Market Rate Sale Date
Estimate Sale Price (5yrs): $93,750.00
Avg Annual Yield with sale (IRR): 15.70%


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$75,000
6601 Covecreek Dr.
Charlotte, NC
3 bed/2 bath
10.40%

Insurance $400.00
Annual Tax $1,183.00
Monthly HOA / Condo Fee
Monthly Rent $850.00
Property Mgmt Fee 8.00 %
Annual Gross Yield 13.60%
Annual Net Yield 10.40%
Last Market Rate Sale Price
Last Market Rate Sale Date
Estimate Sale Price (5yrs): $94,000.00
Avg Annual Yield with sale (IRR): 16.11%

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