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11026 Treebranch Drive Charlotte, NC 28216

4 Beds 3 Baths 1,820 sqft Built 2002

$259,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $142.80
  • 2 Days on Market
  • MLS # : 3703242
  • Updated Date : 01/30/2021 at 17:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,820 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sgr Realty

Listing Agent's Description

Freshly painted throughout, new carpet upstairs, 4BR 2 1/2 BA, 4th BR over garage, perfect for a bonus room. Walk in storage plus pull down attic storage area. Laundry upstairs. Master BR is spacious, vaulted ceiling, MB has garden tub, large walk-in closet. Covered front porch and back patio. Fenced yard. Great location, short walk to the new Riverbend Shopping Center, 15 mins. to airport & uptown. 5 mins. to Mountain Island Lake & Latta Plantation Park. Neighborhood pool. Owner is a licensed agent.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Mountain Island

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $113k241k

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

Neighborhood: Mountain Island

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8421617

* 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
Mountain Island Lake Academy Primary Regular 727 47 3
Hopewell High School High Regular 1,653 87 3
Mountain Island Lake Academy Primary Unknown NA

Mountain Island Lake Academy

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 47
3
GreatSchools Rating

Hopewell High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 87
3
GreatSchools Rating

Mountain Island Lake Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$903
Property Tax -$227
Property Insurance -$61
HOA -$33
Property Management Fees -$119
CASH FLOW
$237

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.

$259,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$35,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,574

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4583$1,4654$1,5805$1,650
$1,650
RENT COMPS ANALYSIS
  • 11026 Treebranch Drive Charlotte, NC 4
    • 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.87
    •  
  • 3504 Anastasia Court Charlotte, NC 1
    • 4 beds 3 baths ∙ 1,488 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,488 Sqft ∙ Built 2001
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.87
    •  
  • 4714 Ambridge Drive Charlotte, NC 2
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1999
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,458
    • $0.86
    •  
  • 9443 Brighthaven Lane Charlotte, NC 3
    • 4 beds 3 baths ∙ 1,695 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,695 Sqft ∙ Built 2002
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.86
    •  
  • 4718 Ambridge Drive Charlotte, NC 5
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1999
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
PROPERTY LISTING DETAILS
Susan Renckens
1.704.906.7488
Sgr Realty
BESbswy