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
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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
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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
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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
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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
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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% |
