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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $143.83
- 26 Days on Market
- MLS # : 3690122
- Updated Date : 01/02/2021 at 12:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,800 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Homes Nc Llc
Listing Agent's Description
Beautiful 3 bedroom with 2.5 bathrooms and 2 car garage. Spacious open floor plan with vaulted ceilings in the living room. Kitchen includes all brand new energy efficient appliances and granite counters. Upstairs features master bedroom, 2 additional bedrooms, loft and laundry room.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Silverwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$242 | |
| Property Insurance | -$61 | |
| HOA | -$25 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$98
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$258,900
PROJECTED PRICE
$1,500
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.57% |
| 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
$70,609
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,725 |
| Loan Amount | $194,175 |
7.17
YEARS SAVED
$26,428
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,499
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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1007 Creedmore Court Charlotte, NC 4
- 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2021
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- Rent
- Rent Per SQFT
- $1,500
- $0.83
-
13819 Plowdon Court Charlotte, NC 1
- 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 2007
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LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,450
- $0.80
-
7004 Amberly Hills Road Charlotte, NC 2
- 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2018
![property image]()
LEASED 01/08/20- Rent
- Rent Per SQFT
- $1,475
- $0.82
-
9725 Weikert Place Charlotte, NC 3
- 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 2019
![property image]()
LEASED 10/12/19- Rent
- Rent Per SQFT
- $1,490
- $0.83
-
9524 Weikert Road Charlotte, NC 5
- 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2017
![property image]()
LEASED 09/05/20- Rent
- Rent Per SQFT
- $1,650
- $0.86
PROPERTY LISTING DETAILS
1.704.999.1457
Lgi Homes Nc Llc
