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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $164.93
- 2 Days on Market
- MLS # : CAR3759014
- Updated Date : 07/12/2021 at 15:44
CONSTRUCTION
- Beds : 5
- Floor Size : 2,728 sqft
- Baths : 4 full
Listing Agent
Dr Horton Inc
Listing Agent's Description
This home is the Denver area's hottest new community, The Farm at Ingleside! The community will include a large club house with activity rooms, fitness center, pool, playground and walking trails. This is an open floor plan that includes granite counter tops in the kitchen and all the baths, tile back splash & stainless appliances in the kitchen; extensive moldings throughout the home; RevWood floors in the entry hall, family room, dining and kitchen. On Demand Tankless Water heater and "Home is Connected" Package is included!
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
Zip Code: 28080
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28080
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$230 | |
| Property Insurance | -$79 | |
| HOA | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$287
|
||
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.
$449,933
PROJECTED PRICE
$2,340
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 7.5% |
| 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
$121,232
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,483 |
| Loan Amount | $337,450 |
9.08
YEARS SAVED
$58,514
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,210
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
1045 Thoroughbred Drive Iron Station, NC 3
- 5 beds 4 baths ∙ 2,728 Sqft ∙ Built 2021 5 beds 4 baths ∙ 2,728 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,340
- $0.86
-
184 Rocky Knoll Court Denver, NC 1
- 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,395 Sqft ∙ Built 1996
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,695
- $0.71
-
434 Secretariat Drive Iron Station, NC 2
- 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2021
LEASED 01/18/21- Rent
- Rent Per SQFT
- $2,200
- $0.91
PROPERTY LISTING DETAILS
1.704.451.4456
Dr Horton Inc
