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10747 Derryrush Drive 
Charlotte, NC
28213
3 Beds 3 Baths 2,101 sqft
Built 2012
INVESTimate
$239,900
List Price
$69,324
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2012
- Price/Sqft : $114.18
- 3 Days on Market
- MLS # : 3655118
- Updated Date : 08/25/2020 at 16:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,101 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams South Park
Listing Agent's Description
Welcome home to your beautiful 3 bedroom with bonus/loft area. Open and bright main floor features a very open & large great room. The Kitchen features granite counter tops, breakfast bar, SS appliances & wood floors. Separate flex space with double doors makes a great office, formal dining, or play area for any age! Upstairs opens to loft area. Large master with walk-in closet & en-suite bath. Secondary bedrooms with Jack-n-Jill bathroom. One-car garage. Fenced, flat yard and walking distance to pool. Close to restaurants, shopping, UNCC and 485
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
Neighborhood: Newell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Newell
* 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 | $1,400 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$209 | |
| Property Insurance | -$67 | |
| HOA | -$34 | |
| Property Management Fees | -$126 | |
|
CASH FLOW
$79
|
||
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.
$239,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 7.47% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
5.58
YEARS SAVED
$17,861
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,413
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
10747 Derryrush Drive Charlotte, NC 5
- 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,101 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,400
- $0.67
-
9527 Hanberry Boulevard Charlotte, NC 1
- 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2016
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,350
- $0.64
-
9720 Hanberry Boulevard Charlotte, NC 2
- 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2010
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,399
- $0.69
-
10710 Derryrush Drive Charlotte, NC 3
- 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,070 Sqft ∙ Built 2016
LEASED 08/27/19- Rent
- Rent Per SQFT
- $1,400
- $0.68
-
9445 Hanberry Boulevard Charlotte, NC 4
- 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2017
LEASED 09/09/19- Rent
- Rent Per SQFT
- $1,400
- $0.68
PROPERTY LISTING DETAILS
1.704.576.1671
Keller Williams South Park
