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12418 Pine Terrace Court Charlotte, NC 28273

4 Beds 3 Baths 2,594 sqft Built 2015

$410,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $158.06
  • 4 Days on Market
  • MLS # : 3704266
  • Updated Date : 02/06/2021 at 22:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,594 sqft
  • Baths : 3 full
Listing Agent

Debbie Clontz Real Estate Llc

Listing Agent's Description

Spacious all brick ranch with formal dining room, study and large family room that is open to the kitchen. Split bedroom plan with 3 bedrooms on one side and owners suite on the opposite side. Screened in back patio perfect spot to relax in the evenings. Large owners suite with dual closets and trey ceiling. Beautiful wood floors throughout the main living spaces. Hard to find 4 bedrooms all one level, make an appointment to see this gorgeous home today.

SEE MORE

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: Yorkshire

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $103k318k

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

Neighborhood: Yorkshire

NeighborhoodNIR 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
River Gate Elementary School Primary Regular 828 44 7
Southwest Middle School Middle Regular 1,403 72 6
Math, Engineering, Technology And Science At Olympic High School High Regular 607 28 7

River Gate Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 44
7
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 1,403
  • # of teachers: 72
6
GreatSchools Rating

Math, Engineering, Technology And Science At Olympic High School

  • Education Level: High
  • # of students: 607
  • # of teachers: 28
7
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,424
Property Tax -$357
Property Insurance -$74
HOA -$31
Property Management Fees -$119
CASH FLOW
-$96

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.

$410,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 7.2%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$17,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,702

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6753$1,6954$1,7005$1,910
$1,910
RENT COMPS ANALYSIS
  • 12418 Pine Terrace Court Charlotte, NC 5
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.77
    •  
  • 13016 Rothe House Road Charlotte, NC 1
    • 3 beds 3 baths ∙ 2,491 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,491 Sqft ∙ Built 2007
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.64
    •  
  • 16211 Long Talon Way Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2006
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.73
    •  
  • 12320 Hunting Birds Lane Charlotte, NC 3
    • 3 beds 3 baths ∙ 2,534 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,534 Sqft ∙ Built 2006
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
  • 12712 Cumberland Cove Drive Charlotte, NC 4
    • 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2007
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
PROPERTY LISTING DETAILS
Jennifer Hoyle
1.704.363.4823
Debbie Clontz Real Estate Llc
BESbswy