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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $155.77
- 2 Days on Market
- MLS # : 3692670
- Updated Date : 12/19/2020 at 16:52
CONSTRUCTION
- Beds : 3
- Floor Size : 2,003 sqft
- Baths : 2 full
Listing Agent
Better Homes And Gardens Real Estate Paracle
Listing Agent's Description
Stunning home like new on a quiet neighborhood of Dutchmans Ridge in Mount Holly. This beautiful home has too many options to mention. Vaulted and 9ft ceilings in the family room and throughout the first floor. Deluxe master bath with garden tub, and huge walk-in closet. Separate elegant dining room with architectural columns. Extremely well maintained home. Spacious bonus room with plenty of room to entertain. Lovely gourmet kitchen with lots of cabinets, bar top counter, and walk-in pantry. Hardwood floors, new carpet in bedrooms and hallways March 2020, patio enlarged. Home is located in a friendly community with a community pool.
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: 28120
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28120
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,151 |
| Property Tax | -$370 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$65
|
||
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.
$312,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| 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
$88,430
LOAN DETAILS
$1,151
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,000 |
| Loan Amount | $234,000 |
4
YEARS SAVED
$13,485
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,517
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
105 Marquette Drive Mount Holly, NC 5
- 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $1,640
- $0.82
-
33 Ashton Bluff Circle Mount Holly, NC 1
- 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 2014
![property image]()
LEASED 10/04/19- Rent
- Rent Per SQFT
- $1,445
- $0.72
-
216 Dutchmans Meadow Drive Mount Holly, NC 2
- 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,114 Sqft ∙ Built 2003
![property image]()
LEASED 07/09/19- Rent
- Rent Per SQFT
- $1,495
- $0.71
-
428 Augustus Lane Mount Holly, NC 3
- 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,005 Sqft ∙ Built 2009
![property image]()
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,495
- $0.75
-
133 Whitby Drive Mount Holly, NC 4
- 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2005
![property image]()
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,495
- $0.81
PROPERTY LISTING DETAILS
1.704.759.6639
Better Homes And Gardens Real Estate Paracle
