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1219 Augustus Beamon Drive #70 Indian Trail, NC 28079

4 Beds 3 Baths 2,754 sqft Built 2021

$382,490

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $138.89
  • 2 Days on Market
  • MLS # : 3695006
  • Updated Date : 01/02/2021 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,754 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nvr Homes, Inc./ryan Homes

Listing Agent's Description

Incredible 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 Hudson possess every room you could need. Your dream kitchen awaits with an eat at island and bulk pantry. Entertain in the wide open dining area and great room. On the second floor indulge in the owner’s suite large enough for a sitting area. Two walk in closets and an en suite bath you won’t want to leave. 3 secondary bedrooms, additional bathroom and laundry room complete the second level. The possibilities are endless. Moore Farm with feature miles of natural walking trains 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
 

$344,241$420,739$382,490

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,411
Property Tax -$250
Property Insurance -$79
HOA -$171
Property Management Fees -$119
CASH FLOW
-$200

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.

$382,490

PROJECTED PRICE

$1,830

PROJECTED RENT

0.48%

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

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$103,360

INVESTMENT

$103,360

Down Payment
$95,623
Rehab Estimate
$2,000
Closing Costs
$5,737

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,411

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,623
Loan Amount $286,868
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,830
1$1,8302$1,8503$1,8954$1,9505$1,975
$1,975
RENT COMPS ANALYSIS
  • 1219 Augustus Beamon Drive Indian Trail, NC 1
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.66
    •  
  • 3016 Corrona Lane Indian Trail, NC 2
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2014
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 4018 Magna Lane Indian Trail, NC 3
    • 5 beds 3 baths ∙ 3,050 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,050 Sqft ∙ Built 2004
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.62
    •  
  • 1001 Marcell Lane Indian Trail, NC 4
    • 5 beds 3 baths ∙ 2,660 Sqft ∙ Built 2008 5 beds 3 baths ∙ 2,660 Sqft ∙ Built 2008
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.73
    •  
  • 2007 Sipes Place Indian Trail, NC 5
    • 5 beds 3 baths ∙ 2,818 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,818 Sqft ∙ Built 2006
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jerry Smith
1.704.610.5282
Nvr Homes, Inc./ryan Homes
BESbswy