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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $186.37
- 2 Days on Market
- MLS # : 3699039
- Updated Date : 01/16/2021 at 20:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,717 sqft
- Baths : 2 full , 1 half
Listing Agent
Fathom Realty
Listing Agent's Description
Location, Location, 2 story home on private cul-de-sac lot in sought after Raeburn Community. Home has been updated and is in excellent condition. Some newer updates 2016+ include roof, hvac, kitchen cabinets , granite counters, lighting + more. Amazing brazilian hardwood floors on main level. Oversized screen porch off kitchen. Upstairs offers a large master bedroom w/his & her's separate closets & large master retreat w/ dual vanities. Good size bedrooms & storage options. video cameras/ system convey's with home. Large private backyard w/mature trees. Great location in the heart of Ballantyne, inbetween Blakeney & Stonecrest shopping centers. Community offers pool & playground. This home will not last long. Please set up your private showing today!
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
Neighborhood: Provincetowne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Provincetowne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$283 | |
| Property Insurance | -$60 | |
| HOA | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$18
|
||
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.
$320,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
5.25
YEARS SAVED
$17,550
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,610
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
11711 Apleby Lane Charlotte, NC 4
- 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,610
- $0.94
-
11727 Fernhurst Lane Charlotte, NC 1
- 3 beds 3 baths ∙ 1,671 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,671 Sqft ∙ Built 1986
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,500
- $0.90
-
11734 Fernhurst Lane Charlotte, NC 2
- 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1986
LEASED 06/28/20- Rent
- Rent Per SQFT
- $1,595
- $0.90
-
8605 Ducksbill Drive Charlotte, NC 3
- 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1985
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.94
-
11610 Charnwood Court Charlotte, NC 5
- 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 1985
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,749
- $1.01
PROPERTY LISTING DETAILS
1.704.608.4767
Fathom Realty
