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13015 Great Laurel Road Charlotte, NC 28227

5 Beds 3 Baths 2,674 sqft Built 2014

$320,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $119.67
  • 4 Days on Market
  • MLS # : 3717059
  • Updated Date : 03/13/2021 at 16:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,674 sqft
  • Baths : 3 full
Listing Agent

Allen Tate Matthews/mint Hill

Listing Agent's Description

**MULTIPLE OFFERS** Welcome to this lovely 5 bed 3 full bath home! Beautiful landscaping front and back just in time for spring blooms, you will fall in love with the charm of your new home. The main floor boasts an open floor plan with a large foyer and an in-law suite and full bath. Large eat-in kitchen with granite countertops and SS appliances. Upstairs you'll have a nice open loft which would make for a great office or play space, large master bedroom with a walk-in closet. 3 spacious additional bedrooms will accommodate for any other needs you may have. Enjoy outdoor swimming at your community pool as well as a playground and clubhouse. Just minutes away from i-485, shopping, and dining. Don't miss this one as it's one of the ONLY 5 bedroom home available in sought-after Woodbury subdivision!

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

Neighborhood: Bradfield Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230kPrice in $113k235k

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

Neighborhood: Bradfield Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8421518

* 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
J.h. Gunn Elementary School Primary Regular 695 42 2
Albemarle Road Middle School Middle Regular 1,198 64 2
Rocky River High School High Regular 1,710 90 3

J.h. Gunn Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 42
2
GreatSchools Rating

Albemarle Road Middle School

  • Education Level: Middle
  • # of students: 1,198
  • # of teachers: 64
2
GreatSchools Rating

Rocky River High School

  • Education Level: High
  • # of students: 1,710
  • # of teachers: 90
3
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,111
Property Tax -$279
Property Insurance -$77
HOA -$40
Property Management Fees -$119
CASH FLOW
$124

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$320,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.57%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$26,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,6353$1,6354$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 13015 Great Laurel Road Charlotte, NC 5
    • 5 beds 3 baths ∙ 2,674 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,674 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.65
    •  
  • 12429 Bending Branch Road Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2012
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.62
    •  
  • 12104 Bending Branch Road Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2008
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.65
    •  
  • 9218 Cotton Gum Road Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2008
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.68
    •  
  • 12921 Longstraw Road Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 2015
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.68
    •  
PROPERTY LISTING DETAILS
Luke Montsinger
1.704.533.3566
Allen Tate Matthews/mint Hill
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3717059
Last Updated: 03/13/2021
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