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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $127.79
- 7 Days on Market
- MLS # : 3675660
- Updated Date : 02/20/2021 at 21:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,778 sqft
- Baths : 2 full , 1 half
Listing Agent
Southern Homes Of The Carolinas
Listing Agent's Description
Pristine single family home in a premier location of Huntersville! This fantastic home features an open floor plan, hardwood flooring throughout main level, gorgeous kitchen with large walk-in pantry and over-sized master suite. Located with easy access to 485 and 77, close to shopping and restaurants in the Bryton community. The neighborhood offers many wonderful amenities! Enjoy the wonderful pool and open/covered cabana, multi-use open green fields and greenway trail of Bryton Trace. Don't miss out!
SEE MORE
- 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
Zip Code: 28078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$285 | |
| Property Insurance | -$77 | |
| HOA | -$78 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$158
|
||
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.
$355,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 4.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| 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
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
7.67
YEARS SAVED
$35,756
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 -
$0.74
LIST RENT PER SQFT
-
$2,286
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
12618 Chantrey Way Huntersville, NC 2
- 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,950
- $0.74
-
11614 Gilroy Lane Huntersville, NC 1
- 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2017
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,800
- $0.68
-
11918 Midnight Way Huntersville, NC 3
- 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020
LEASED 05/02/20- Rent
- Rent Per SQFT
- $2,250
- $0.92
-
11925 Silverheel Lane Huntersville, NC 4
- 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,300
- $0.95
-
12537 Stoneybrook Station Parkway Huntersville, NC 5
- 5 beds 3 baths ∙ 2,745 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,745 Sqft ∙ Built 2020
LEASED 01/09/21- Rent
- Rent Per SQFT
- $2,450
- $0.89
PROPERTY LISTING DETAILS
1.704.728.3505
Southern Homes Of The Carolinas
MLS #: 3675660
Last Updated: 02/20/2021
