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1208 Augustus Beamon Drive #103 Indian Trail, NC 28079

4 Beds 3 Baths 1,823 sqft Built 2021

$334,990

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $183.76
  • 2 Days on Market
  • MLS # : 3695014
  • Updated Date : 01/02/2021 at 17:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,823 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nvr Homes, Inc./ryan Homes

Listing Agent's Description

Cozy but still spacious 2 story home located in Union county in a great central location to Indian Trail, Waxhaw, Matthews & South Charlotte. This generous single family home features a stylish interior and the community features wooded homesites with included lawn maintenance. The Allegheny gives you the space you have been looking for. Open kitchen to the dining area and great room. The owner’s suite gives you the perfect space to relax at the end of the day. With a highly desired second floor laundry there is no more running up and down the stairs. This home features four bedrooms or convert one into a loft. Moore Farm will feature miles of natural walking trails and a Farm House style clubhouse and pool. HOME IS TO BE BUILT. DELIVERY DATE IS SUBJECT TO CHANGE.

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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

Zip Code: 28079

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Zip Code: 28079

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Indian Trail Elementary School Primary Regular 682 41 9
Sun Valley Middle School Middle Regular 1,365 69 6
Sun Valley High School High Regular 1,306 76 7

Indian Trail Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 41
9
GreatSchools Rating

Sun Valley Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 69
6
GreatSchools Rating

Sun Valley High School

  • Education Level: High
  • # of students: 1,306
  • # of teachers: 76
7
GreatSchools Rating
 

$301,491$368,489$334,990

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,236
Property Tax -$219
Property Insurance -$62
HOA -$171
Property Management Fees -$119
CASH FLOW
-$26

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.

$334,990

PROJECTED PRICE

$1,780

PROJECTED RENT

0.53%

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) 3.00%
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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,772

INVESTMENT

$90,772

Down Payment
$83,748
Rehab Estimate
$2,000
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,748
Loan Amount $251,243
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$21,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,7504$1,7505$1,780
$1,780
RENT COMPS ANALYSIS
  • 1208 Augustus Beamon Drive Indian Trail, NC 5
    • 4 beds 3 baths ∙ 1,823 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,823 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.98
    •  
  • 3004 Secret Garden Court Indian Trail, NC 1
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2002
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 2016 Farmingham Lane Indian Trail, NC 2
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2001
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.01
    •  
  • 3017 Secret Garden Court Indian Trail, NC 3
    • 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,651 Sqft ∙ Built 2003
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
  • 1007 Farmingham Lane Indian Trail, NC 4
    • 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 2000
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jerry Smith
1.704.610.5282
Nvr Homes, Inc./ryan Homes
BESbswy