Great location, off I85, 25 min from Charlotte, NC. Nice neighborhood, quiet low traffic street, mature trees, walking distance to local elementary school.

Can be rented as is but will shine with lipstick rehab

Has large room with door that could be an additional bedroom

Can add another bath in master bedroom in walk in closet

Original hardwood floors

Deep lot (.2 acres) w/carport & large storage buildings

Includes refrigerator, stove and W/D

Rent as is at $750/month either as 2 or 3 bedroom (interior is dated but functional and clean)

Rental income est $9000/year

Taxes est $1000/year, Insurance est $400/year

Cap rate est 19.1% not including vacancy, property management and expenses

2 months vacancy, property management (10%) and expenses (5%) est $2625/year

Total expenses est $4075/year

Cap rate est 10.4% after all expenses

Or remodel and rent as 3/2 for $1100/month:

Interior paint/floors 5k

Roof 3.5k

Windows 3.5K

Add bath 3 K

Total repairs 10K

Rental income est $13,200/year

Taxes est $1050/year, Insurance est $450/year

Cap rate est 18.4% before vacancy, property management and expenses

2 months vacancy, property management (10%) and expenses (5%) est $4180/year

Total expenses est $5630/year

Cap rate est 13.2% after all expenses