Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
1042 Assembly Street 
Belmont, NC
28012
4 Beds 3 Baths 2,728 sqft
Built 2006
INVESTimate
$434,400
List Price
$120,866
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $159.24
- 3 Days on Market
- MLS # : 3654935
- Updated Date : 08/26/2020 at 00:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,728 sqft
- Baths : 2 full , 1 half
Listing Agent
Allen Tate Gastonia
Listing Agent's Description
COMING SOON!
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
Zip Code: 28012
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28012
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,603 |
| Property Tax | -$325 | |
| Property Insurance | -$79 | |
| HOA | -$68 | |
| Property Management Fees | -$195 | |
|
CASH FLOW
-$100
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$434,400
PROJECTED PRICE
$2,170
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 5.39% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$120,866
LOAN DETAILS
$1,603
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $108,600 |
| Loan Amount | $325,800 |
3.25
YEARS SAVED
$14,285
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,155
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
1042 Assembly Street Belmont, NC 3
- 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $2,170
- $0.80
-
176 Berkshire Avenue Belmont, NC 1
- 3 beds 3 baths ∙ 2,466 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,466 Sqft ∙ Built 2006
![property image]()
LEASED 08/07/19- Rent
- Rent Per SQFT
- $1,900
- $0.77
-
133 Church Street Mcadenville, NC 2
- 4 beds 4 baths ∙ 2,532 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,532 Sqft ∙ Built 2005
![property image]()
LEASED 07/26/19- Rent
- Rent Per SQFT
- $1,999
- $0.79
-
1012 Mclaren Drive Belmont, NC 4
- 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 2011
![property image]()
LEASED 10/04/19- Rent
- Rent Per SQFT
- $2,199
- $0.79
PROPERTY LISTING DETAILS
1.704.813.7290
Allen Tate Gastonia
