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PROPERTY INFO
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.
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
Zip Code: 28079
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28079
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,360
LOAN DETAILS
$1,411
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,623 |
| Loan Amount | $286,868 |
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
-
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
1.704.610.5282
Nvr Homes, Inc./ryan Homes
