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12122 Autumn Winds Lane Pineville, NC 28134

4 Beds 3 Baths 2,257 sqft Built 1999

$325,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $144.00
  • 9 Days on Market
  • MLS # : 3676339
  • Updated Date : 11/03/2020 at 00:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,257 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ballantyne West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $108k318k

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

Neighborhood: Ballantyne West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8442026

* 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
Pineville Elementary School Primary Regular 811 45 7
Quail Hollow Middle School Middle Regular 946 51 3
South Mecklenburg High School High Regular 2,913 147 7

Pineville Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 45
7
GreatSchools Rating

Quail Hollow Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 51
3
GreatSchools Rating

South Mecklenburg High School

  • Education Level: High
  • # of students: 2,913
  • # of teachers: 147
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,199
Property Tax -$264
Property Insurance -$70
HOA -$21
Property Management Fees -$167
CASH FLOW
$139

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.

$325,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$33,324

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,856

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,8603$1,9504$2,0005$2,045
$2,045
RENT COMPS ANALYSIS
  • 12122 Autumn Winds Lane Pineville, NC 2
    • 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,257 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.82
    •  
  • 12219 Pinegate Court Pineville, NC 1
    • 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,360 Sqft ∙ Built 2000
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.78
    •  
  • 14425 Green Birch Drive Pineville, NC 3
    • 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2012
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 13405 Honeytree Lane Pineville, NC 4
    • 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,420 Sqft ∙ Built 2000
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 12145 Autumn Winds Lane Pineville, NC 5
    • 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,367 Sqft ∙ Built 2000
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.86
    •  
PROPERTY LISTING DETAILS
Oliver Cross
1.910.690.7772
Exp Realty Llc
BESbswy