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12537 Levins Hall Road 
Huntersville, NC
28078
3 Beds 3 Baths 1,467 sqft
Built 1995
INVESTimate
$233,100
List Price
$67,522
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $158.90
- 14 Days on Market
- MLS # : 3598260
- Updated Date : 08/25/2020 at 21:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,467 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group Select
Listing Agent's Description
Super cute 3 bedroom, 2.5 bath home in the popular subdivision of Crown Ridge. Beautiful gas fireplace in the family room, french doors off the dining room, vaulted ceiling in the Master, Wrap-around front porch, large back deck, and fenced back yard overlooking the wooded area are just a few of the things that add to the character of this home. Updates include: Trane HVAC 2011, Roof 2010, water heater 2019, and gutter guards 2019. In addition to the one car garage, the shed in back provides a ton of storage. NO HOA! Back on market thru no fault of the seller!
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: Huntersville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntersville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$860 |
| Property Tax | -$211 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$128 | |
|
CASH FLOW
$167
|
||
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.
$233,100
PROJECTED PRICE
$1,420
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 5.42% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$67,522
LOAN DETAILS
$860
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,275 |
| Loan Amount | $174,825 |
8.42
YEARS SAVED
$31,005
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,449
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
12537 Levins Hall Road Huntersville, NC 3
- 3 beds 3 baths ∙ 1,467 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,467 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,420
- $0.97
-
103 Interlaken Place Huntersville, NC 1
- 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1990
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,295
- $0.93
-
12615 Cumberland Crest Drive Huntersville, NC 2
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1996
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,375
- $1.02
-
14316 Menifee Drive Huntersville, NC 4
- 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 2000
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,450
- $0.96
-
11123 Harbert Road Huntersville, NC 5
- 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2012
LEASED 04/16/20- Rent
- Rent Per SQFT
- $1,625
- $1.04
PROPERTY LISTING DETAILS
1.704.838.6426
Realty One Group Select
