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11206 Pond Valley Court #57 Charlotte, NC 28269

3 Beds 3 Baths 2,031 sqft Built 2014

$290,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

$82,600

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.0%
Cash Flow	$1,308
Value Increase	$18,632

10 YEAR

Cash On Cash	0.2%
Total Return	12.2%

PROPERTY INFO

December 13, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2014
Price/Sqft : $142.79
2 Days on Market
MLS # : 3690845
Updated Date : 12/12/2020 at 23:18

CONSTRUCTION

Beds : 3
Floor Size : 2,031 sqft
Baths : 2 full , 1 half

Listing Agent

Exp Realty Llc

Listing Agent's Description

Stunning brick-front home in the desirable Hucks Landing neighborhood located in a cul de sac! This gem is move in ready! Granite kitchen counter tops with 42” cherry cabinets, stainless appliances and walk-in pantry. Kitchen flows into the large light filled family room that features a gas fireplace. Spacious owners suite and secondary bedrooms upstairs flank the loft gathering space. Owners bath features extended counter surface surrounding oversized sink, walk in shower and relaxing garden tub. Check out the outdoor brick wood burning fireplace on the paver patio in the fenced back yard. You decide! Great location - close to 485/77. Easy access to Birkdale Village, Lake Norman, Uptown, & University area.

1 of 33 X

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: Davis Lake - Eastfield

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

Neighborhood: Davis Lake - Eastfield

* 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
Croft Community School	Primary	Regular	644	35	NA
J.m. Alexander Middle School	Middle	Regular	865	40	4
North Mecklenburg High School	High	Regular	1,881	101	3

Croft Community School

Education Level: Primary
# of students: 644
# of teachers: 35

GreatSchools Rating

J.m. Alexander Middle School

Education Level: Middle
# of students: 865
# of teachers: 40

GreatSchools Rating

North Mecklenburg High School

Education Level: High
# of students: 1,881
# of teachers: 101

GreatSchools Rating

FINANCIALS

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$261,000$319,00000$290,000

PURCHASE PRICE

$1,485$1,81500$1,650

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	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,650
EXPENSES	Loan Payment	-$1,070
	Property Tax	-$253
	Property Insurance	-$65
	HOA	-$33
	Property Management Fees	-$119



CASH FLOW $109

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.

$290,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.48%
Appreciation Year (1-5)	6.3%
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

$82,600

Down Payment	$72,500
Rehab Estimate	$5,750
Closing Costs	$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$72,500
Loan Amount	$217,500

See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$32,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,650
LIST RENT
$0.81
LIST RENT PER SQFT

$1,645
COMP ESTIMATED VALUE
$0.81
COMP AVG. RENT PER SQFT

Comps Range

$1,625

1$1,6252$1,6353$1,6504$2,100

$2,100

RENT COMPS ANALYSIS

2,031
PROPERTY SQFT
$0.81
AVG RENT PER SQFT
$1,645
ESTIMATED VALUE
$1,650
LIST RENT

11206 Pond Valley Court Charlotte, NC 5

6 beds 3 baths ∙ 2,031 Sqft ∙ Built 2014 6 beds 3 baths ∙ 2,031 Sqft ∙ Built 2014
Price

Price Per SQFT

$290,000

$142.79
8915 Mcadam Way Charlotte, NC 1

5 beds 3 baths ∙ 2,027 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,027 Sqft ∙ Built 2003
SOLD 09/04/20
Price

Price Per SQFT

$227,500

$112.23
4801 Canipe Drive Charlotte, NC 2

5 beds 3 baths ∙ 2,308 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,308 Sqft ∙ Built 2006
SOLD 02/11/20
Price

Price Per SQFT

$230,000

$99.65
5513 Brook Falls Court Charlotte, NC 3

5 beds 3 baths ∙ 2,378 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,378 Sqft ∙ Built 1996
SOLD 10/21/20
Price

Price Per SQFT

$255,000

$107.23
4103 Hallam Court Charlotte, NC 4

5 beds 3 baths ∙ 2,455 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 1990
SOLD 04/29/20
Price

Price Per SQFT

$290,000

$118.13

11206 Pond Valley Court Charlotte, NC 3

6 beds 3 baths ∙ 2,031 Sqft ∙ Built 2014 6 beds 3 baths ∙ 2,031 Sqft ∙ Built 2014
Rent

Rent Per SQFT

$1,650

$0.81
4816 Canipe Drive Charlotte, NC 1

5 beds 3 baths ∙ 1,958 Sqft ∙ Built 2006 5 beds 3 baths ∙ 1,958 Sqft ∙ Built 2006
LEASED 05/01/20
Rent

Rent Per SQFT

$1,625

$0.83
4801 Canipe Drive Charlotte, NC 2

5 beds 3 baths ∙ 2,258 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,258 Sqft ∙ Built 2006
LEASED 05/01/20
Rent

Rent Per SQFT

$1,635

$0.72
11801 Fox Glen Road Charlotte, NC 4

5 beds 3 baths ∙ 2,378 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,378 Sqft ∙ Built 1999
LEASED 09/27/20
Rent

Rent Per SQFT

$2,100

$0.88

PROPERTY LISTING DETAILS

Michael Gaddy
1.704.975.4651
Exp Realty Llc

11206 Pond Valley Court #57 Charlotte, NC 28269

$290,000

$1,650

$82,600

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Croft Community School

J.m. Alexander Middle School

North Mecklenburg High School

FINANCIALS

$261,000$319,00000$290,000

$1,485$1,81500$1,650

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$290,000

$1,650

0.57%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,070

7.58

$32,902

$290,000

$142.79

$222,009

$109.31

COMPS RANGE

PRICE COMPS ANALYSIS

$1,650

$0.81

$1,645

$0.81

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS