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

10456 Moores Chapel Road Charlotte, NC 28214

3 Beds 2 Baths 1,296 sqft Built 2003

$215,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

$62,725

Investment Est.

AVAILABLE

REQUEST INFO

SCHEDULE APPOINTMENT

It's free, with no obligation

AVAILABLE

1 Year
(+7.5%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.8%
Cash Flow	$828
Value Increase	$16,600

10 YEAR

Cash On Cash	-0.8%
Total Return	12.5%

PROPERTY INFO

November 28, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2003
Price/Sqft : $165.90
3 Days on Market
MLS # : 3686861
Updated Date : 11/28/2020 at 18:49

CONSTRUCTION

Beds : 3
Floor Size : 1,296 sqft
Baths : 2 full

Listing Agent

Keller Williams Ballantyne Area

Listing Agent's Description

Live in a house with a country feel in a big city. This 3 bedroom, 2.5 bath house is your escape to live in a place with seclusion and privacy. Located at the end of the road sits your 1,296 sq.ft. house with 2 acres, new heating and air system, with a split BR floor plan, master bedroom including ensuites master bath. There is a 12x36 workshop on the property that is wired, has windows, work bench, and overhead storage that could be part of the deal. No HOA. Close proximity to the airport, National Whitewater Center, Catawba River, and I-85 & 485. Come see!!

MARKET HIGHLIGHTS

Charlotte Market Report

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)

Neighborhood: Moores Chapel

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

Neighborhood: Moores Chapel

* 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	756	45	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: 756
# of teachers: 45

GreatSchools Rating

Whitewater Middle School

Education Level: Middle
# of students: 924
# of teachers: 53

GreatSchools Rating

West Mecklenburg High School

Education Level: High
# of students: 2,040
# of teachers: 108

GreatSchools Rating

FINANCIALS

Learn how to read this

$193,500$236,50000$215,000

PURCHASE PRICE

$1,089$1,33100$1,210

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

Toggle to see the acquisition concierge fee. LEARN MORE

PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,210
EXPENSES	Loan Payment	-$793
	Property Tax	-$187
	Property Insurance	-$52
	Property Management Fees	-$109




CASH FLOW $69

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.

$215,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.94%
Appreciation Year (1-5)	7.5%
Maintenance Year (1-5)	8.00%
Vacancy	6.02%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$62,725

Down Payment	$53,750
Rehab Estimate	$5,750
Closing Costs	$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$53,750
Loan Amount	$161,250

See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$16,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,210
LIST RENT
$0.93
LIST RENT PER SQFT

$1,221
COMP ESTIMATED VALUE
$0.94
COMP AVG. RENT PER SQFT

Comps Range

$1,210

1$1,2102$1,3003$1,3494$1,4005$1,425

$1,425

RENT COMPS ANALYSIS

1,296
PROPERTY SQFT
$0.94
AVG RENT PER SQFT
$1,221
ESTIMATED VALUE
$1,210
LIST RENT

10456 Moores Chapel Road Charlotte, NC 5

3 beds 3 baths ∙ 1,296 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,296 Sqft ∙ Built 2003
Price

Price Per SQFT

$215,000

$165.90
10315 Layton Ridge Lane Charlotte, NC 1

3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1998
SOLD 07/29/20
Price

Price Per SQFT

$180,000

$137.51
706 Belmeade Green Drive Charlotte, NC 2

3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2004
SOLD 11/24/20
Price

Price Per SQFT

$184,000

$135.29
10208 Apple Dove Court Charlotte, NC 3

3 beds 2 baths ∙ 1,319 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 2006
SOLD 06/08/20
Price

Price Per SQFT

$185,000

$140.26
642 Tribune Drive Charlotte, NC 4

3 beds 3 baths ∙ 1,429 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,429 Sqft ∙ Built 2003
SOLD 11/02/20
Price

Price Per SQFT

$185,000

$129.46

10456 Moores Chapel Road Charlotte, NC 1

3 beds 3 baths ∙ 1,296 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,296 Sqft ∙ Built 2003
Rent

Rent Per SQFT

$1,210

$0.93
2613 Oasis Lane Charlotte, NC 2

3 beds 3 baths ∙ 1,335 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,335 Sqft ∙ Built 2002
LEASED 05/22/20
Rent

Rent Per SQFT

$1,300

$0.97
10437 Hugue Way Charlotte, NC 3

3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 2003
LEASED 10/23/20
Rent

Rent Per SQFT

$1,349

$0.94
10932 Moores Chapel Road Charlotte, NC 4

3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1949
LEASED 01/04/20
Rent

Rent Per SQFT

$1,400

$0.92
2614 Blue Bridge Court Charlotte, NC 5

3 beds 3 baths ∙ 1,518 Sqft ∙ Built 3 beds 3 baths ∙ 1,518 Sqft ∙ Built
LEASED 06/08/20
Rent

Rent Per SQFT

$1,425

$0.94

PROPERTY LISTING DETAILS

Ethan Wallace
1.828.748.1620
Keller Williams Ballantyne Area

10456 Moores Chapel Road Charlotte, NC 28214

$215,000

$1,210

$62,725

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Whitewater Academy

Whitewater Middle School

West Mecklenburg High School

FINANCIALS

$193,500$236,50000$215,000

$1,089$1,33100$1,210

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$215,000

$1,210

0.56%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$793

5.75

$16,918

$215,000

$165.9

$175,776

$135.63

COMPS RANGE

PRICE COMPS ANALYSIS

$1,210

$0.93

$1,221

$0.94

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS