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10918 Charmont Place Huntersville, NC 28078

4 Beds 3 Baths 2,356 sqft Built 2017

$375,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

$105,125

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+5.4%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.8%
Cash Flow	$960
Value Increase	$20,637

10 YEAR

Cash On Cash	-0.4%
Total Return	11.1%

PROPERTY INFO

January 01, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 2017
Price/Sqft : $159.17
4 Days on Market
MLS # : 3694550
Updated Date : 01/01/2021 at 00:05

CONSTRUCTION

Beds : 4
Floor Size : 2,356 sqft
Baths : 2 full , 1 half

Listing Agent

Keller Williams South Park

Listing Agent's Description

What is the first thing you are going to do when you move in? I would host a post covid party on my large travertine extended patio. This is the home you have been waiting for in Huntersville with a large 4th bedroom that would be great as a bonus room, play room or movie room. Vinyl plank floors installed 2020, extended outdoor patio built for the neighborhood entertainer 2020, custom closet in master 2020, updated fixtures and more. Wait until you see this backyard paradise....and there are no houses behind you!!

MARKET HIGHLIGHTS

Charlotte Market Report

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)

Neighborhood: Huntersville

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Huntersville

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
Barnette Elementary School	Primary	Unknown	640	38	NA
Francis Bradley Middle School	Middle	Regular	1,140	59	6
Hopewell High School	High	Regular	1,653	87	3

Barnette Elementary School

Education Level: Primary
# of students: 640
# of teachers: 38

GreatSchools Rating

Francis Bradley Middle School

Education Level: Middle
# of students: 1,140
# of teachers: 59

GreatSchools Rating

Hopewell High School

Education Level: High
# of students: 1,653
# of teachers: 87

GreatSchools Rating

FINANCIALS

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$337,500$412,50000$375,000

PURCHASE PRICE

$1,818$2,22200$2,020

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$2,020
EXPENSES	Loan Payment	-$1,384
	Property Tax	-$311
	Property Insurance	-$72
	HOA	-$55
	Property Management Fees	-$119



CASH FLOW $80

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.

$375,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.48%
Appreciation Year (1-5)	5.4%
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$105,125

Down Payment	$93,750
Rehab Estimate	$5,750
Closing Costs	$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$93,750
Loan Amount	$281,250

See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$35,954

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

$2,020
LIST RENT
$0.86
LIST RENT PER SQFT

$1,767
COMP ESTIMATED VALUE
$0.75
COMP AVG. RENT PER SQFT

Comps Range

$1,650

1$1,6502$1,7003$1,8004$2,0205$2,100

$2,100

RENT COMPS ANALYSIS

2,356
PROPERTY SQFT
$0.75
AVG RENT PER SQFT
$1,767
ESTIMATED VALUE
$2,020
LIST RENT

10918 Charmont Place Huntersville, NC 5

4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2017
Price

Price Per SQFT

$375,000

$159.17
3526 Barnstable Drive Huntersville, NC 1

4 beds 3 baths ∙ 2,345 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 2004
SOLD 07/14/20
Price

Price Per SQFT

$285,900

$121.92
3815 Laurel Berry Lane Huntersville, NC 2

4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2005
SOLD 09/04/20
Price

Price Per SQFT

$315,500

$130.32
14817 Baytown Court Huntersville, NC 3

4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,277 Sqft ∙ Built 2018
SOLD 12/18/20
Price

Price Per SQFT

$318,500

$139.88
9100 Krestridge View Drive Huntersville, NC 4

4 beds 3 baths ∙ 2,351 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 2013
SOLD 10/21/20
Price

Price Per SQFT

$345,000

$146.75

10918 Charmont Place Huntersville, NC 4

4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,356 Sqft ∙ Built 2017
Rent

Rent Per SQFT

$2,020

$0.86
7902 Leisure Lane Huntersville, NC 1

3 beds 3 baths ∙ 2,292 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,292 Sqft ∙ Built 1998
LEASED 03/22/20
Rent

Rent Per SQFT

$1,650

$0.72
7526 Lullwater Cove Huntersville, NC 2

4 beds 3 baths ∙ 2,383 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 1997
LEASED 03/27/20
Rent

Rent Per SQFT

$1,700

$0.71
6611 Olmsford Drive Huntersville, NC 3

4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2005
LEASED 02/22/20
Rent

Rent Per SQFT

$1,800

$0.78
11218 Grenfell Avenue Huntersville, NC 5

4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2018
LEASED 04/03/20
Rent

Rent Per SQFT

$2,100

$0.79

PROPERTY LISTING DETAILS

Trent Corbin
1.704.628.4066
Keller Williams South Park

10918 Charmont Place Huntersville, NC 28078

$375,000

$2,020

$105,125

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Barnette Elementary School

Francis Bradley Middle School

Hopewell High School

FINANCIALS

$337,500$412,50000$375,000

$1,818$2,22200$2,020

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$375,000

$2,020

0.54%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,384

6.67

$35,954

$375,000

$159.17

$317,394

$134.72

COMPS RANGE

PRICE COMPS ANALYSIS

$2,020

$0.86

$1,767

$0.75

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS