Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1260 Zeb Haynes Road Maiden, NC 28650

3 Beds 2 Baths 1,650 sqft Built 1971

$259,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $157.52
  • 2 Days on Market
  • MLS # : CAR3761671
  • Updated Date : 07/12/2021 at 20:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,650 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Boyd & Hassell

Listing Agent's Description

This 3 bedroom, 2 bath brick home has a full basement and is move-in ready! It also has an enclosed sunroom that looks out onto a fenced garden. It has a garage, a double carport & an outbuilding. The kitchen features granite countertops & a tile backsplash. The living room has a gas log fireplace. Updates include some fresh paint & new flooring. The basement has a rec room (not heated), storage & a workshop. This is a great home & won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 28650

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150kPrice in $54k156k

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

Zip Code: 28650

No Data Available.

* 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
Maiden Middle School Middle Regular 489 28 5
Maiden High School High Regular 877 53 5

Maiden Middle School

  • Education Level: Middle
  • # of students: 489
  • # of teachers: 28
5
GreatSchools Rating

Maiden High School

  • Education Level: High
  • # of students: 877
  • # of teachers: 53
5
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$903
Property Tax -$119
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$362

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.

$259,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$49,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,683

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,560
$1,560
RENT COMPS ANALYSIS
  • 1260 Zeb Haynes Road Maiden, NC 2
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.95
    •  
  • 8 E Holly Street Maiden, NC 1
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 3 beds 2 baths ∙ 1,300 Sqft ∙ Built
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.02
    •  
PROPERTY LISTING DETAILS
Donna Austin
1.828.310.4899
Coldwell Banker Boyd & Hassell
BESbswy