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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $144.44
- 2 Days on Market
- MLS # : 3685653
- Updated Date : 11/21/2020 at 13:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,423 sqft
- Baths : 2 full , 1 half
Listing Agent
Nvr Homes, Inc./ryan Homes
Listing Agent's Description
Moore Farm is an active community for all! Community includes lawn maintenance and will have a beautiful pool & club house & miles of walking trails. Enter the Columbia floorplan to find a flex room and an open concept family room and kitchen. Upstairs, choose to include a 4th bedroom or a loft for added space. The spacious Owner's bedroom includes an ensuite bath and walk-in closet. Steps away from the bedrooms is a 2nd-floor laundry center for convenience. Some great interior features include James Hardie Plank siding, quartz counter tops, stainless appliances, ceramic tile flooring in all bathrooms, LVP flooring in the foyer, kitchen, dining area & great room plus much more. Moore Farm is ideally located between Weddington and Indian Trail. Running errands is easy with Wesley Chapel Village Commons less than 3 miles away.HOME IS TO BE BUILT.DELIVERY DATE IS SUBJECT TO CHANGE.
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
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 | $1,790 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$228 | |
| Property Insurance | -$73 | |
| HOA | -$171 | |
| Property Management Fees | -$161 | |
|
CASH FLOW
-$135
|
||
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.
$349,990
PROJECTED PRICE
$1,790
PROJECTED RENT
0.51%
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) | 3.00% |
| 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
$94,747
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,498 |
| Loan Amount | $262,493 |
2.58
YEARS SAVED
$8,988
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,793
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
1104 Augustus Beamon Drive Indian Trail, NC 3
- 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $0.74
-
1008 Farmingham Lane Indian Trail, NC 1
- 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,094 Sqft ∙ Built 2001
![property image]()
LEASED 07/09/19- Rent
- Rent Per SQFT
- $1,575
- $0.75
-
14002 Fenwick Drive Indian Trail, NC 2
- 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2001
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.70
-
1005 Demetrius Court Indian Trail, NC 4
- 4 beds 4 baths ∙ 2,468 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,468 Sqft ∙ Built 2001
![property image]()
LEASED 07/08/19- Rent
- Rent Per SQFT
- $1,895
- $0.77
-
1001 Marcell Lane Indian Trail, NC 5
- 5 beds 3 baths ∙ 2,660 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,660 Sqft ∙ Built 2008
![property image]()
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,950
- $0.73
PROPERTY LISTING DETAILS
1.704.610.5282
Nvr Homes, Inc./ryan Homes
