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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $184.90
- 1 Days on Market
- MLS # : CAR3761463
- Updated Date : 07/13/2021 at 04:06
CONSTRUCTION
- Beds : 4
- Floor Size : 1,920 sqft
- Baths : 3 full , 1 half
Listing Agent
Aspire Real Estate Group Inc
Listing Agent's Description
Wonderful well-kept home with open floor plan and double rocking chair porches! Kitchen boasts granite countertops, tile backsplash, black appliances, new quiet dishwasher, plenty of storage and large breakfast area. The kitchen flows into large family room with gas fireplace. Main floor freshly painted. Lots of natural light downstairs. Upstairs includes a large Master bedroom with ensuite bath with dual vanities, garden tub & shower and private balcony. Two generous sized secondary bedrooms and another full bath. Two car garage with upstairs 500 SQ FT, 2nd living quarters with full bath. Total HLA is approx 2400 square feet. Lawn maintenance included in HOA fee. Enjoy the amazing amenities Bonterra has to offer, pools, pond, playground, tennis, basketball, fitness, equestrian facilities and more! This is one home you do NOT want to MISS!
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: 28079
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28079
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$232 | |
| Property Insurance | -$63 | |
| HOA | -$138 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$45
|
||
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.
$355,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| 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
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
4.83
YEARS SAVED
$17,426
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,776
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
1055 Preakness Boulevard Indian Trail, NC 1
- 4 beds 4 baths ∙ 1,920 Sqft ∙ Built 2006 4 beds 4 baths ∙ 1,920 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1032 Back Stretch Boulevard Indian Trail, NC 2
- 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,073 Sqft ∙ Built 2006
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,695
- $0.82
-
1019 Garden Web Road Indian Trail, NC 3
- 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2012
LEASED 11/09/20- Rent
- Rent Per SQFT
- $1,775
- $0.94
-
5120 Alysheba Drive Indian Trail, NC 4
- 3 beds 3 baths ∙ 1,832 Sqft ∙ Built 3 beds 3 baths ∙ 1,832 Sqft ∙ Built
LEASED 04/01/21- Rent
- Rent Per SQFT
- $1,800
- $0.98
-
1012 Southwind Trail Drive Indian Trail, NC 5
- 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2004
LEASED 03/02/21- Rent
- Rent Per SQFT
- $1,900
- $1.04
PROPERTY LISTING DETAILS
1.704.607.6996
Aspire Real Estate Group Inc
