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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $147.04
- 6 Days on Market
- MLS # : 3704375
- Updated Date : 02/02/2021 at 10:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,213 sqft
- Baths : 2 full , 1 half
Listing Agent
Tls Realty Llc
Listing Agent's Description
New 3BR/2.5BTH! The Hudson, nestled in the new Haven at Rocky River community features spacious living areas, sizeable bedrooms, and stylish upgrades throughout! Main floor boasts bright great room, spacious kitchen, and formal dining! Private study offers quiet work space! Kitchen features Quartz countertops, stainless appliances, and beautiful painted cabinetry! Retreat to the Owner's Suite with cozy sitting area, huge walk in closet, and luxury en suite!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 28025
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28025
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,130 |
| Property Tax | -$246 | |
| Property Insurance | -$69 | |
| HOA | -$33 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$37
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$325,400
PROJECTED PRICE
$1,560
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.02% |
| 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
$88,231
LOAN DETAILS
$1,130
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,350 |
| Loan Amount | $244,050 |
4.5
YEARS SAVED
$14,809
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,593
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
1077 River Haven Avenue Sw Concord, NC 3
- 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,213 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,560
- $0.70
-
1354 Piney Church Road Concord, NC 1
- 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,062 Sqft ∙ Built 2003
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,395
- $0.68
-
1351 Piney Church Road Concord, NC 2
- 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2005
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,425
- $0.71
-
5928 Firethorne Lane Concord, NC 4
- 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2003
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,595
- $0.70
-
1537 Piney Church Road Concord, NC 5
- 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2005
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,600
- $0.73
PROPERTY LISTING DETAILS
1.980.313.3321
Tls Realty Llc
