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11711 Apleby Lane Charlotte, NC 28277

3 Beds 3 Baths 1,717 sqft Built 1986

$320,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
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

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: Provincetowne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $116k363k

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

Neighborhood: Provincetowne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8442138

* 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
Hawk Ridge Elementary School Primary Regular 881 49 9
Community House Middle School Middle Regular 1,750 81 9
Ardrey Kell High School High Regular 2,701 127 9

Hawk Ridge Elementary School

  • Education Level: Primary
  • # of students: 881
  • # of teachers: 49
9
GreatSchools Rating

Community House Middle School

  • Education Level: Middle
  • # of students: 1,750
  • # of teachers: 81
9
GreatSchools Rating

Ardrey Kell High School

  • Education Level: High
  • # of students: 2,701
  • # of teachers: 127
9
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

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

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

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
$1,500
1$1,5002$1,5953$1,6004$1,6105$1,749
$1,749
RENT COMPS ANALYSIS
  • 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
Ryan Harlan
1.704.608.4767
Fathom Realty
BESbswy