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10421 Bluejack Oak Court Huntersville, NC 28078

5 Beds 3 Baths 2,689 sqft Built 2019

$429,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $159.54
  • 3 Days on Market
  • MLS # : 3698956
  • Updated Date : 01/16/2021 at 11:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,689 sqft
  • Baths : 3 full
Listing Agent

The Virtual Realty Group

Listing Agent's Description

Move-in Ready. Great Cul-de- Sac location, spacious backyard surrounded by trees. Covered Patio. Very private. Brand new construction still under builders' warranty (owners job relocation). Gym membership included for up to 5 family members valid through 7/9/2021. Energy Star Certified Home. Gas fireplace. Gourmet Kitchen with gas range and granite countertops. Beautiful Ceiling fans. Huge pantry. Vinyl hardwood plank floors in both floors. Guest bedroom on main level with full bath. Flex room. Can be used as formal dinning or studio. A must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Blythe Elementary School Primary Regular 1,038 67 5
J.m. Alexander Middle School Middle Regular 865 40 4
North Mecklenburg High School High Regular 1,881 101 3

Blythe Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 67
5
GreatSchools Rating

J.m. Alexander Middle School

  • Education Level: Middle
  • # of students: 865
  • # of teachers: 40
4
GreatSchools Rating

North Mecklenburg High School

  • Education Level: High
  • # of students: 1,881
  • # of teachers: 101
3
GreatSchools Rating
 

$386,100$471,900$429,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,490
Property Tax -$343
Property Insurance -$78
HOA -$50
Property Management Fees -$119
CASH FLOW
$440

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.

$429,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

11

YEARS SAVED

$70,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,501

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3003$2,4504$2,5205$2,600
$2,600
RENT COMPS ANALYSIS
  • 10421 Bluejack Oak Court Huntersville, NC 4
    • 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.94
    •  
  • 11757 Mesquite Road Huntersville, NC 1
    • 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.94
    •  
  • 11925 Silverheel Lane Huntersville, NC 2
    • 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 12537 Stoneybrook Station Parkway Huntersville, NC 3
    • 5 beds 3 baths ∙ 2,745 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,745 Sqft ∙ Built 2020
    property image
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.89
    •  
  • 12516 Stoneybrook Station Parkway Huntersville, NC 5
    • 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2020
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Robert Zuniga
1.704.237.0354
The Virtual Realty Group
BESbswy