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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $123.33
- 3 Days on Market
- MLS # : 3712615
- Updated Date : 02/26/2021 at 16:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,838 sqft
- Baths : 3 full
Listing Agent
Century 21 Providence Realty
Listing Agent's Description
Beautifully maintained home in desirable section of Brandon Oaks. The Gardens at Brandon Oaks offers a maintenance-free yard. Huge kitchen with tons of storage, granite counters and stainless appliances. Open kitchen to family room with gas fireplace. Hardwood floors in kitchen, bath, foyer and dining room. Office/living room with French doors on main. Large master with tray ceiling linen and large walk-in closet. Master bath has large shower and dual vanities. Additional loft area upstairs. Three generous sized secondary bedrooms upstairs all with good size closets. Lots of upgrades – crown molding, tray ceiling in master, chair railing, iron spindles on stairway. House has lots of natural light and storage space. Low Union County taxes and great schools. Brandon Oaks is a large community with two pools, tennis courts, multiple play areas, clubhouse and much more! NO SHOWINGS UNTIL 2/27
SEE MORE
- 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)
- 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)
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 | $1,820 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$229 | |
| Property Insurance | -$81 | |
| HOA | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$128
|
||
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.
$350,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.52%
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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
7.58
YEARS SAVED
$33,557
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$1,944
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
1010 Craven Street Indian Trail, NC 2
- 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,838 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,820
- $0.64
-
5002 Breeze Lane Indian Trail, NC 1
- 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2005
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,725
- $0.65
-
3016 Corrona Lane Indian Trail, NC 3
- 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2014
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.66
-
2007 Sipes Place Indian Trail, NC 4
- 5 beds 3 baths ∙ 2,818 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,818 Sqft ∙ Built 2006
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,975
- $0.70
-
1018 Whippoorwill Lane Indian Trail, NC 5
- 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
PROPERTY LISTING DETAILS
1.704.607.2179
Century 21 Providence Realty
MLS #: 3712615
Last Updated: 02/26/2021
