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Lease-back Opportunity in Charlotte
Matthews, NC 28104
Lease-back Opportunity in Charlotte
Matthews, NC 28104
4.5%
Year 1 Cap Rate$468,666
10 yr cash flow8.90%
10 yr IRRDetails
- Lot size16,335
- Rentable Sq.Ft2,335
- $/Rentable Sq.Ft$163
- Monthly rent$2,300
- Safety deposit$2,300
- Estimated reserve$3,500
- Lease start2025-05-01
- Lease end2028-04-30
- HOANo
- Flood zoneNo
- 3-Year Lease-Back: Immediate rental income from day one, with the current seller remaining as tenant under a long-term lease agreement.
- Seller Buy-Back Option: Pre-agreed buy-back clause within 3 years—unlikely to be exercised, but offers potential for outsized investor returns and a tenant who treats the home like their own.
- Attractive Financing Structure: Opportunity for a subject-to acquisition with ~50% LTV financing at a locked-in 2% interest rate—extremely rare in today’s high-rate environment.
- Strong Market, Low Risk: Located in one of the fastest-growing rental markets in the U.S., this property offers built-in income, equity from day one, and a rare low-risk, high-reward profile.
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Neighborhood
Niche grades and rankings use rigorously analyzed data and user opinions to assess the key aspects of this neighborhood.
Overall neighborhood score:
Matthews, 28104
Cost Of Living
Good For Families
Good For Young Professionals
Housing
Jobs
Public Schools
Weather
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Financials
| Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
|---|---|---|---|---|---|
| Rental revenue | $27,600 | $28,773 | $29,996 | $32,600 | $40,142 |
| Vacancy & Collection Loss | ($1,104) | ($1,151) | ($1,200) | ($1,304) | ($1,606) |
| Operating revenues | $26,496 | $27,622 | $28,796 | $31,296 | $38,536 |
| Expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| HOA fees | ($0) | ($0) | ($0) | ($0) | ($0) |
| Insurance | ($2,282) | ($2,351) | ($2,421) | ($2,569) | ($2,978) |
| Utilities | ($0) | ($0) | ($0) | ($0) | ($0) |
| Leasing Fee | ($460) | ($480) | ($500) | ($543) | ($669) |
| Property management | ($1,325) | ($1,381) | ($1,440) | ($1,565) | ($1,927) |
| Real estate taxes | ($3,715) | ($3,826) | ($3,941) | ($3,185) | ($3,692) |
| Repairs and maintenance | ($1,104) | ($1,151) | ($1,200) | ($1,304) | ($1,606) |
| Operating expenses | ($8,886) | ($9,189) | ($9,502) | ($9,166) | ($10,872) |
| Net Operating Income | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Operating revenues | $26,496 | $27,622 | $28,796 | $31,296 | $38,536 |
| Operating expenses | ($8,886) | ($9,189) | ($9,502) | ($9,166) | ($10,872) |
| Net Operating Income | $17,610 | $18,433 | $19,294 | $22,130 | $27,664 |
| Cap Rate | 4.5% | 4.7% | 4.9% | 5.7% | 7.1% |
| Other income & expenses | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| SHARE management | ($1,919) | ($1,977) | ($2,036) | ($2,160) | ($2,504) |
| Mortgage payments | $0 | $0 | $0 | $0 | $0 |
| Other income & expenses | ($1,919) | ($1,977) | ($2,036) | ($2,160) | ($2,504) |
| Cash flow & yield | Year 1 | Year 2 | Year 3 | Year 5 | Year 10 |
| Cash flow | $15,691 | $16,456 | $17,258 | $19,970 | $25,160 |
| Cash yield | 3.8% | 3.9% | 4.1% | 4.8% | 6.0% |
Acquisition Equity
| Down payment | ($390,000) | |||
|---|---|---|---|---|
| Title insurance | ($5,850) | |||
| Debt costs | ||||
| Acquisition fee | ($11,400) | |||
| Home Buyer Inspection | ($750) | |||
| Leasing Fee | ($3,450) | |||
| Reserves | ($3,500) | |||
| Stabilization costs | ($1,979) | |||
| Total | ($416,929) | |||
Disposition Proceeds
| Estimated sale price | $703,631 | |||
|---|---|---|---|---|
| Disposition fee | ($7,036) | |||
| Other disposition costs | ($14,073) | |||
| Year 10 mortgage balance | ($0) | |||
| Total | $682,522 | |||
