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12816 Cheverly Drive 
Huntersville, NC
28078
5 Beds 5 Baths 2,630 sqft
Built 2006
INVESTimate
$345,000
List Price
$97,175
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $131.18
- 2 Days on Market
- MLS # : 3655303
- Updated Date : 08/25/2020 at 14:14
CONSTRUCTION
- Beds : 5
- Floor Size : 2,630 sqft
- Baths : 4 full , 1 half
Listing Agent
Keller Williams Lake Norman
Listing Agent's Description
Beautiful, updated, very well maintained house in a popular convenient location. Private covered front porch overlooking community pond. Open and bright floor plan. New prefinished wood floors downstairs, new modern tile floors in all the bathrooms. The kitchen features gleaming quartz countertops, new subway tile backsplash, and stainless steel appliances. Downstairs guest bedroom with a full bath. Upstairs elegant master bedroom with sliding barn doors to the updated master bath. Custom master closet. Neutral modern paint throughout. The back yard is a private beautiful retreat with a small pond and gorgeous landscaping, it is perfect for relaxation. Great convenient location within minutes to shopping and dining. This move-in ready house is ready for new owners. Welcome home!
SEE MORE
- 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
Neighborhood: Huntersville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntersville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$284 | |
| Property Insurance | -$77 | |
| HOA | -$44 | |
| Property Management Fees | -$185 | |
|
CASH FLOW
$188
|
||
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.
$345,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 5.42% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
7.58
YEARS SAVED
$39,481
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,236
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
12816 Cheverly Drive Huntersville, NC 1
- 5 beds 5 baths ∙ 2,630 Sqft ∙ Built 2006 5 beds 5 baths ∙ 2,630 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,050
- $0.78
-
14312 Little Pine Drive Huntersville, NC 2
- 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 4 beds 3 baths ∙ 2,762 Sqft ∙ Built
LEASED 11/04/19- Rent
- Rent Per SQFT
- $2,075
- $0.75
-
11931 Hambright Road Huntersville, NC 3
- 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020 5 beds 3 baths ∙ 2,433 Sqft ∙ Built 2020
LEASED 04/29/20- Rent
- Rent Per SQFT
- $2,200
- $0.90
-
11918 Midnight Way Huntersville, NC 4
- 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
-
11828 Kennon Ridge Lane Huntersville, NC 5
- 5 beds 3 baths ∙ 2,739 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,739 Sqft ∙ Built 2000
LEASED 08/14/19- Rent
- Rent Per SQFT
- $2,275
- $0.83
PROPERTY LISTING DETAILS
1.980.307.0296
Keller Williams Lake Norman
