NEW LOWERED ENTRYðŸ Commercial Lot Charlotte, NC Sub To/Seller Finance ðŸ
NEW LOWERED ENTRYðŸ Commercial Lot Charlotte, NC Sub To/Seller Finance ðŸ
Overview
- Commercial
Description
Commercial Lot Charlotte, NC Sub To/Seller Finance
880,000 ð—£ð—¼ð—½ð˜‚ð—¹ð—®ð˜ð—¶ð—¼ð—»
** ð—”ð—¹ð˜€ð—¼ ð—ªð—¶ð—¹ð—¹ð—¶ð—»ð—´ ð—§ð—¼ ð—£ð—®ð—¿ð˜ð—»ð—²ð—¿ ð—ª/ ð—£ð— ð—Ÿ ð—¼ð—» ð—§ð—µð—¶ð˜€ ð——ð—²ð—®ð—¹. ð—£ð— ð—Ÿ ð—¯ð—¿ð—¶ð—»ð—´ð˜€ ð—¶ð—» ð—–ð—®ð˜€ð—µ ð˜ð—¼ ð—–ð—¹ð—¼ð˜€ð—². ð—£ð— ð—Ÿ ð—¥ð—²ð—¶ð—ºð—¯ð˜‚ð—¿ð˜€ð—²ð—± ð—¯ð˜† ð—ªð—¿ð—®ð—½ ð—•ð˜‚ð˜†ð—²ð—¿. ð—£ð— ð—Ÿ ð—¦ð—½ð—¹ð—¶ð˜ð˜€ ð—™ð˜‚ð˜ð˜‚ð—¿ð—² ð—–ð—®ð˜€ð—µ ð—™ð—¹ð—¼ð˜„ ðŸ³ðŸ¬/ðŸ¯ðŸ¬**
ð—£ð—¥ð—¢ð—£ð—˜ð—¥ð—§ð—¬ ð——ð—˜ð—§ð—”ð—œð—Ÿð—¦ :
– Purchase Price: $300,000
– Charlotte, NC (28262 Zip Code)
– General Commerical Lot
– Has Railroad Easement (buildable land not sufficient for building)
– LTR Rates of $3000-$4000
– Best Use For Small Towing Company/Impound Lot
– May be able to put a container as an office and operating a car dealership on this lot
– Billboard generates $4000/yr through 2028, starting 2029 $5000/yr
ð—¦ð—¨ð—•ð—ð—˜ð—–ð—§ ð—§ð—¢ ð——ð—˜ð—§ð—”ð—œð—Ÿð—¦ :
– 180 Month Seller Finance 1st Mortgage
– Loan Type : Seller Finance
– 17.9% Interest Rate
– Subject To Mortgage Balance of $58,326.17 (As of 11/1/23)
– No early payoff unless payment done in full
– PI on Mortgage is $960.34 + $20 service fee (PI Total $980.34)
ð—§ð—˜ð—¥ð— ð—¦ :
– Seller Finance: $166,673.83 @ 6% interest, 2 year balloon on 30 yr amortization
– Monthly Payments $999.29
– Cash to Close of $85,000 + Closing Costs + TC fee
– Cash to Close Breakdown : Entry Fee $75,000 + $10,000 Agent Commission + CC + TC Fee
ð—˜ð—«ð—œð—§ ð—¦ð—§ð—¥ð—”ð—§ð—˜ð—šð—¬ ðŸ (ð—˜ð—«ð—”ð— ð—£ð—Ÿð—˜) :
– Wrap Purchase Price of $500,000 (Example)
– Wrap Down Payment of 20% (Example)
– Wrap Interest Rate of 7% (Example)
– Wrap Amortization Schedule of 30 Years (Example)
– Wrap P&I Monthly Payment of $2,661.21 (Example)
– Wrap Monthly Cash Flow of $681.58 (Example)
ð—˜ð—«ð—œð—§ ð—¦ð—§ð—¥ð—”ð—§ð—˜ð—šð—¬ 🮠(ð—˜ð—«ð—”ð— ð—£ð—Ÿð—˜)
– LTR Average Monthly Rate of $3,000 (Example)
– LTR Net Cash Flow After PI and Seller Finance: $1,020.37 + $333.33 (BillBoard Income thats paid Yearly)(Example)
ð—¦ð—¨ð— ð— ð—”ð—¥ð—¬ :
– Subject To Mortgage Balance of $58,326.17 (As of 11/1/23)
– 17.9% Interest Rate on Subject to exisiting loan (145 months left)
– Seller Finance: $166,673.83 @ 6% interest, 2 year balloon on 30 yr amortization
– Monthly Payments $999.29
– Cash to Close of $85,000 + Closing Costs + TC fee
– Cash to Close Breakdown : Entry Fee $75,000 + $10,000 Agent Commission + CC + TC Fee
** ð—”ð—¹ð˜€ð—¼ ð—ªð—¶ð—¹ð—¹ð—¶ð—»ð—´ ð—§ð—¼ ð—£ð—®ð—¿ð˜ð—»ð—²ð—¿ ð—ª/ ð—£ð— ð—Ÿ ð—¼ð—» ð—§ð—µð—¶ð˜€ ð——ð—²ð—®ð—¹. ð—£ð— ð—Ÿ ð—¯ð—¿ð—¶ð—»ð—´ð˜€ ð—¶ð—» ð—–ð—®ð˜€ð—µ ð˜ð—¼ ð—–ð—¹ð—¼ð˜€ð—². ð—£ð— ð—Ÿ ð—¥ð—²ð—¶ð—ºð—¯ð˜‚ð—¿ð˜€ð—²ð—± ð—¯ð˜† ð—ªð—¿ð—®ð—½ ð—•ð˜‚ð˜†ð—²ð—¿. ð—£ð— ð—Ÿ ð—¦ð—½ð—¹ð—¶ð˜ð˜€ ð—™ð˜‚ð˜ð˜‚ð—¿ð—² ð—–ð—®ð˜€ð—µ ð—™ð—¹ð—¼ð˜„ ðŸ³ðŸ¬/ðŸ¯ðŸ¬**
Property Documents
Address
Open on Google Maps- Address 2301 West Sugar Creek Road, Charlotte, NC, USA
- City Charlotte
- State/county North Carolina
- Zip/Postal Code 28262
- Area Derita / Statesville
- Country United States
Details
Updated on November 12, 2023 at 2:33 pm- Property ID: HZ18101
- Price: $300,000
- Property Type: Commercial
- Property Status: For Sale
- PITI: 1706.96
- Entry Fee: 100000
- Interest Rate: 5
