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13118 Great Laurel Road 
Charlotte, NC
28227
3 Beds 3 Baths 2,471 sqft
Built 2014
INVESTimate
$288,000
List Price
$82,070
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $116.55
- 6 Days on Market
- MLS # : 3653457
- Updated Date : 08/24/2020 at 00:06
CONSTRUCTION
- Beds : 3
- Floor Size : 2,471 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
This is THE ONE! Located in popular Woodburry, this 3 bedroom 2.5 bath home with expansive loft space will WOW your clients. First floor features wood floors, a private office, breathtaking one of a kind feature wall w/ custom lighted shelves, designer light fixtures throughout, & half bath. To top it off the most adorable flex space/playroom leads out to the expansive back yard equipped with a stunning pergola, perfect for a relaxing getaway in the privacy of your own home. Kitchen features gorgeous granite countertops, center island, stainless appliances & cabinets galore. The convenient drop zone finishes off the first floor leading into a large garage.The 2nd floor features an expansive loft space with large windows & large secondary bedrooms with walk-in closets. The owner's suite features a large master bath with dual sink vanity, garden/soaker tub, and massive walk-in closet. Home is within walking distance to the community's fabulous amenities! Don't wait, take a tour today!
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: Bradfield Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bradfield Farms
* 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 | $1,600 |
| EXPENSES | Loan Payment | -$1,063 |
| Property Tax | -$256 | |
| Property Insurance | -$74 | |
| HOA | -$40 | |
| Property Management Fees | -$144 | |
|
CASH FLOW
$24
|
||
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.
$288,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 8.94% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,070
LOAN DETAILS
$1,063
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,000 |
| Loan Amount | $216,000 |
4.42
YEARS SAVED
$15,200
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$1,637
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
13118 Great Laurel Road Charlotte, NC 1
- 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,600
- $0.65
-
12429 Bending Branch Road Charlotte, NC 2
- 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 3
- 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
-
12915 Longstraw Road Charlotte, NC 4
- 3 beds 3 baths ∙ 2,388 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,388 Sqft ∙ Built 2015
LEASED 09/25/19- Rent
- Rent Per SQFT
- $1,645
- $0.69
-
12921 Longstraw Road Charlotte, NC 5
- 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
1.980.422.3188
Exp Realty Llc
