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1010 Kiker Circle Charlotte, NC 28214

3 Beds 2 Baths 1,120 sqft Built 2002

$185,000

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $165.18
  • 2 Days on Market
  • MLS # : 3708401
  • Updated Date : 02/13/2021 at 10:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,120 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

This spacious 3 bedroom home features a fully fenced in back yard with plenty of space to play or entertain. The oversized living room has laminate hardwoods. The main living area is an open concept floor plan with room for a breakfast table and plenty of kitchen space for cooking. Minutes from 485, shopping, The US National Whitewater Center, Belmont and so much more! Schedule a showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Wildwood

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k235k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Wildwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6661518

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Whitewater Academy Primary Unknown NA
Whitewater Middle School Middle Regular 924 53 5
West Mecklenburg High School High Regular 2,040 108 1

Whitewater Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Whitewater Middle School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 53
5
GreatSchools Rating

West Mecklenburg High School

  • Education Level: High
  • # of students: 2,040
  • # of teachers: 108
1
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$643
Property Tax -$161
Property Insurance -$48
Property Management Fees -$119
CASH FLOW
$89

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.

$185,000

PROJECTED PRICE

$1,060

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$17,898

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,060

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,064

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0603$1,2004$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 1010 Kiker Circle Charlotte, NC 2
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $0.95
    •  
  • 9228 Eleanor Drive Charlotte, NC 1
    • 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 2007
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.94
    •  
  • 841 Carrington Drive Charlotte, NC 3
    • 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,263 Sqft ∙ Built 1971
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.95
    •  
  • 6630 Pennacook Drive Charlotte, NC 4
    • 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 2017
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.94
    •  
  • 9022 Sharpes Circle Charlotte, NC 5
    • 3 beds 3 baths ∙ 1,448 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,448 Sqft ∙ Built 2010
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
PROPERTY LISTING DETAILS
Nikki Pratt-nunley
1.704.918.0212
Exp Realty
BESbswy