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105 Ivy Creek Lane 
Mooresville, NC
28115
4 Beds 3 Baths 2,317 sqft
Built 2005
INVESTimate
$274,900
List Price
$78,599
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $118.64
- 21 Days on Market
- MLS # : 3649080
- Updated Date : 08/25/2020 at 10:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,317 sqft
- Baths : 3 full
Listing Agent
Keller Williams Mooresville
Listing Agent's Description
Welcome to 105 Ivy Creek Lane! This home rests in the quaint neighborhood of The village on Park. This 4 BR, 3 full bath home has a spacious 1st floor master w/wic,and 2 story great room. Eat in kitchen has breakfast bar for casual seating along with granite countertops and stainless appliances. Gas range is 6 months old. Formal dining room. Tons of cabinet storage with pantry. Gas fireplace in great room. additional full bath on main level with 2nd Br. that could make a nice office space. Second floor has 2 more bedrooms, and another full bath. This house has an unbelievable amount of walk in attic space! Tons of storage! New HVAC and roof 2019. Fenced in back yard treats you to a covered patio and deck. The HOA includes front and back yard maintenance which means more time for fun and relaxation! This home is minutes from downtown Mooresville, and close to shopping and dining. Stainless fridge in garage , and video cameras in house convey. Tv and mount in g.r. do not convey.
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: 28115
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28115
* 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 | $1,860 |
| EXPENSES | Loan Payment | -$1,014 |
| Property Tax | -$191 | |
| Property Insurance | -$71 | |
| HOA | -$129 | |
| Property Management Fees | -$167 | |
|
CASH FLOW
$288
|
||
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.
$274,900
PROJECTED PRICE
$1,860
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 5.37% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,599
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
9.33
YEARS SAVED
$42,307
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,535
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
105 Ivy Creek Lane Mooresville, NC 5
- 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,860
- $0.80
-
211 W Stewart Avenue Mooresville, NC 1
- 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1941 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1941
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LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,500
- $0.63
-
102 Rockhopper Lane Mooresville, NC 2
- 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 2017
![property image]()
LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,635
- $0.65
-
110 Emperors Trail Mooresville, NC 3
- 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2018
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,635
- $0.66
-
194 N Cromwell Drive Mooresville, NC 4
- 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2018
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,800
- $0.72
PROPERTY LISTING DETAILS
1.585.530.9289
Keller Williams Mooresville
