Great purchase potential, excellent rental income

10149 Meadow Crossing Ln, Cornelius, NC 28031

$318,000 After Repair Value -
$297,000 Asking Price -
$5,000 Cost of Repairs =
$16,000 Potential Profit

Property Details

Asking Price $297,000

After Repair Value $318,000

Costs of Repairs $5,000

Potential Profit $16,000

Living Area 2724 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 4

Half Bathrooms N/A

Parking 2

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $2,000

Yearly Expenses N/A

Property Taxes $1,200

Net Operating Income N/A

Cap Rate N/A

Property Description

4BR / 3.5Bath. Good rental income potential. Some updating already completed- Fresh paint, brand new carpeting, new stainless steel appliances, new roof, new hot water heater, but, some updating still needed. Only two lots down from the neighborhood pool, no neighbors behind, home backs up to woods with trails, raised bed garden. Oversized bonus room, with full bathroom and 2 closets, could be a mother-in-law suite, or man cave, teenage bedroom, Neighborhood has sidewalks that lead to a neighborhood common area with a gazebo, grills and picnic tables. Neighborhood also has a beautiful well maintained playground, with playing field and covered picnic tables. Very family friendly. Very high rated schools.

Repairs Needed

Kitchen, bathrooms.

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