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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $121.20
- 4 Days on Market
- MLS # : 3709696
- Updated Date : 02/20/2021 at 00:05
CONSTRUCTION
- Beds : 5
- Floor Size : 3,259 sqft
- Baths : 3 full
Listing Agent
Keller Williams Ballantyne Area
Listing Agent's Description
This home is the one you've been waiting on! Well-maintained, single-owner home shows pride of ownership. Welcoming entry includes formal dining and living area, great for a home office. Great room features windows galore, a fireplace, open flow to the kitchen with island, granite, stainless & gas cooktop...plenty of cabinets, too. One bedroom downstairs, four bedrooms and bonus room upstairs. Master is a true retreat! Don't miss the backyard - the garden is full of color in spring & summer with a swing in the woods at the back.
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
Neighborhood: Villages at Skybrook North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages at Skybrook North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$483 | |
| Property Insurance | -$88 | |
| HOA | -$35 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$77
|
||
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.
$395,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 4.1% |
| 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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
4.25
YEARS SAVED
$15,905
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$2,151
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
1269 Sandy Bottom Drive Concord, NC 3
- 5 beds 3 baths ∙ 3,259 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,259 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $2,020
- $0.62
-
11266 Trailside Road Concord, NC 1
- 4 beds 3 baths ∙ 2,922 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,922 Sqft ∙ Built 2018
LEASED 04/23/20- Rent
- Rent Per SQFT
- $1,995
- $0.68
-
1248 Tranquility Point Avenue Nw Concord, NC 2
- 5 beds 3 baths ∙ 3,001 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,001 Sqft ∙ Built 2015
LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,000
- $0.67
-
10685 Skipping Rock Lane Nw Concord, NC 4
- 6 beds 5 baths ∙ 3,440 Sqft ∙ Built 2015 6 beds 5 baths ∙ 3,440 Sqft ∙ Built 2015
LEASED 01/02/20- Rent
- Rent Per SQFT
- $2,050
- $0.60
-
1267 Middlecrest Drive Concord, NC 5
- 5 beds 3 baths ∙ 3,200 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,200 Sqft ∙ Built 2009
LEASED 07/23/20- Rent
- Rent Per SQFT
- $2,200
- $0.69
PROPERTY LISTING DETAILS
1.704.626.2479
Keller Williams Ballantyne Area
MLS #: 3709696
Last Updated: 02/20/2021
