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12602 Kemerton Lane Huntersville, NC 28078

4 Beds 2 Baths 2,274 sqft Built 2000

$400,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $175.90
  • 7 Days on Market
  • MLS # : 3718854
  • Updated Date : 03/27/2021 at 00:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,274 sqft
  • Baths : 2 full
Listing Agent

Lknhomes.com Inc

Listing Agent's Description

Fantastic opportunity to live in the Northstone Community! Close to Birkdale, easy access to I-77. This home is on a Double Cul-de-sac street so traffic is limited to deliveries & homeowners. Freshly landscaped, nice level backyard lined with Leyland Cypress trees across the back for privacy. This single level home boosts a Big Family Room with Fireplace & Cathedral Ceiling. It is open to the Sunroom and Large Kitchen with island, pantry & Breakfast area. The Formal Dining Room can be used as an office for those working from home as the Breakfast area is plenty big for Dining, Master with Tray Ceiling is on the back side of the home with Walk-in Closet, Master Bath includes Dual Vanities, soaking tub w/ separate shower. New carpet installed in secondary Bedrooms. * Love Golf? Join the Northstone Country Club which includes four pools, tennis complex, fitness center and golf course. NCC membership and amenities are separate from HOA.

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: Northstone

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $118k585k

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

Neighborhood: Northstone

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $8442955

* 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
Huntersville Elementary School Primary Regular 729 42 8
Bailey Middle School Middle Regular 1,616 77 9
William Amos Hough High School High Regular 2,453 120 8

Huntersville Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 42
8
GreatSchools Rating

Bailey Middle School

  • Education Level: Middle
  • # of students: 1,616
  • # of teachers: 77
9
GreatSchools Rating

William Amos Hough High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 120
8
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,389
Property Tax -$324
Property Insurance -$70
HOA -$24
Property Management Fees -$119
CASH FLOW
$24

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.

$400,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$28,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,956

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0004$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 12602 Kemerton Lane Huntersville, NC 2
    • 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 13328 Banner Court Lane Huntersville, NC 1
    • 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 2008
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.85
    •  
  • 10207 Halston Circle Huntersville, NC 3
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2009
    property image
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
  • 12723 Heritage Vista Drive Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $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
Maureen Roberge
1.704.323.9222
Lknhomes.com Inc
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3718854
Last Updated: 03/27/2021
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