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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $167.45
- 5 Days on Market
- MLS # : 3690090
- Updated Date : 12/12/2020 at 07:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,538 sqft
- Baths : 2 full , 1 half
Listing Agent
Allen Tate Lake Norman
Listing Agent's Description
Beautiful home in popular Northstone with owner's suite on main floor! Open floorplan includes updated kitchen with counter height breakfast bar, granite counters, stone backsplash, built-in beverage cabinet and wine frig, and designer lighting. Main floor owners suite offers a trey ceiling and completely updated bath, including barn door, gorgeous carrera marble, and gray subway tile accents. Hardwoods throughout main floor, upstairs hallway and 4th bedroom/bonus. 4th bedroom/bonus room closet has been converted to a built-in TV and storage cabinet. Wainscoting in entry hall and dining room. Spacious office with vaulted ceiling and bay window. Private, fenced, flat backyard with mature trees and landscaping, covered deck, brick paver patio and oversized built-in stone firepit. Zoned for Huntersville/Bailey/Hough schools! Pool, gym, golf and other amenities require Northstone Country Club Membership and are not part of the HOA. Check out Northstone CC at northstoneclub.com
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
Neighborhood: Northstone
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northstone
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$361 | |
| Property Insurance | -$75 | |
| HOA | -$24 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$53
|
||
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.
$425,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 3.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.36% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
6.58
YEARS SAVED
$39,520
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,183
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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12434 Kemerton Lane Huntersville, NC 3
- 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2002
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- Rent
- Rent Per SQFT
- $2,200
- $0.87
-
12723 Heritage Vista Drive Huntersville, NC 1
- 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017
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LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,195
- $0.86
-
10515 Blackstone Drive Huntersville, NC 2
- 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2011
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.84
-
13225 Hidcote Court Huntersville, NC 4
- 4 beds 2 baths ∙ 2,657 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,657 Sqft ∙ Built 1997
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LEASED 02/24/20- Rent
- Rent Per SQFT
- $2,295
- $0.86
-
12527 Kemerton Lane Huntersville, NC 5
- 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.88
PROPERTY LISTING DETAILS
1.704.534.0295
Allen Tate Lake Norman
