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12719 Es Draper Drive Huntersville, NC 28078

4 Beds 3 Baths 2,569 sqft Built 2019

$435,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $169.33
  • 2 Days on Market
  • MLS # : 3696585
  • Updated Date : 01/16/2021 at 16:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,569 sqft
  • Baths : 3 full
Listing Agent

Re/max Executive

Listing Agent's Description

Located in highly desirable Vermillion community with all of it's lifestyle advantages, this home features 4 bedrooms and 3 bathrooms. Open concept large fireside living room with large kitchen, oversized island, breakfast nook, dining room. Large master bedroom with master bathroom and walk in closet. Two additional bedrooms on the main floor with a bathroom in between. Second story offers a loft, walk-in unfinished storage and a private guest suite with full bath.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 28078

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Zip Code: 28078

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Blythe Elementary School Primary Regular 1,038 67 5
J.m. Alexander Middle School Middle Regular 865 40 4
North Mecklenburg High School High Regular 1,881 101 3

Blythe Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 67
5
GreatSchools Rating

J.m. Alexander Middle School

  • Education Level: Middle
  • # of students: 865
  • # of teachers: 40
4
GreatSchools Rating

North Mecklenburg High School

  • Education Level: High
  • # of students: 1,881
  • # of teachers: 101
3
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,511
Property Tax -$349
Property Insurance -$76
HOA -$46
Property Management Fees -$119
CASH FLOW
$119

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.

$435,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$37,467

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,177

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$2,2004$2,2205$2,400
$2,400
RENT COMPS ANALYSIS
  • 12719 Es Draper Drive Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.86
    •  
  • 10207 Halston Circle Huntersville, NC 1
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2009
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 13328 Banner Court Lane Huntersville, NC 2
    • 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 2008
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.85
    •  
  • 10515 Blackstone Drive Huntersville, NC 3
    • 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2011
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
  • 13521 Serenity Street Huntersville, NC 5
    • 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,596 Sqft ∙ Built 2015
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.92
    •  
PROPERTY LISTING DETAILS
Sandy Mcalpine
1.704.746.7513
Re/max Executive
BESbswy