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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $120.74
- 8 Days on Market
- MLS # : 3708379
- Updated Date : 02/20/2021 at 00:05
CONSTRUCTION
- Beds : 5
- Floor Size : 3,023 sqft
- Baths : 2 full , 1 half
Listing Agent
Giving Tree Realty
Listing Agent's Description
Curb-appeal galore! Beautiful cul-de-sac/corner-lot home in desirable Brandon Oaks community boasting 5-bedrooms, 2.5 baths, PLUS office. 2-Story foyer with hardwoods in kitchen, foyer, family room & hallway. French doors lead to your main-level work-from-home office! Open floor-plan eat-in kitchen with granite countertops & ceramic backsplash, connecting to your family room with gas log fireplace. Wainscoting in formal dining. Upstairs, you will find the spacious master bedroom retreat w/ trey ceiling, large en-suite bathroom w/ soaking tub & large walk-in closet, as well as 4 additional bedrooms. Relaxing outdoor space includes a deck and expansive, fenced backyard. Newer water heater and dishwasher (2020); Roof 2016. Welcome home.
SEE MORE
- Charlotte metro's economy is worth $181 billion in Gross Metro Product and projected to grow to $192 billion in 2019 (USMayors.org, 2018)
- #1 Millenial Moving destination city (Smart Asset)
- Corporate Fortune 500 headquarters: Bank of America, Lowe’s, Duke Energy, Nucor, Family Dollar Stores, Sonic Automotive, Domtar
- #3 fastest-growing big city in US with more than 15,000 people added in 2017 (US Census, 2018)
- Charlotte metro has 65.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- Charlotte attracted more than $325 million in capital investments in 2018Q2 (Meckelenburg county, June 2018)
PRICE & RENT TRENDS
Neighborhood: Brandon Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brandon Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$239 | |
| Property Insurance | -$84 | |
| HOA | -$45 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$346
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$365,000
PROJECTED PRICE
$2,100
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
10.58
YEARS SAVED
$57,721
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,101
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
1002 Hollingdale Court Indian Trail, NC 5
- 5 beds 3 baths ∙ 3,023 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,023 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,100
- $0.69
-
4018 Magna Lane Indian Trail, NC 1
- 5 beds 3 baths ∙ 3,050 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,050 Sqft ∙ Built 2004
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,895
- $0.62
-
1005 Bridleside Drive Indian Trail, NC 2
- 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2003
LEASED 02/23/20- Rent
- Rent Per SQFT
- $1,975
- $0.70
-
1018 Whippoorwill Lane Indian Trail, NC 3
- 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,830 Sqft ∙ Built 2005
LEASED 05/09/20- Rent
- Rent Per SQFT
- $2,075
- $0.73
-
2024 Sentinel Drive Indian Trail, NC 4
- 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2002
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,095
- $0.72
PROPERTY LISTING DETAILS
1.480.323.9207
Giving Tree Realty
MLS #: 3708379
Last Updated: 02/20/2021
