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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $135.58
- 5 Days on Market
- MLS # : 3708344
- Updated Date : 02/20/2021 at 17:05
CONSTRUCTION
- Beds : 5
- Floor Size : 2,802 sqft
- Baths : 2 full , 1 half
Listing Agent
Better Homes And Gardens Real Estate Paracle
Listing Agent's Description
Welcome to your new home in the highly desirable Moss Creek neighborhood! This amazing functional floor plan features 5BR's, 2.5 Baths, a Two Story Foyer, Formal DR and LR, plus a separate Den/Office for all your work from home needs. Large Great Room w/ Gas Fireplace(surrounded by shiplap), flows into the renovated Kitchen with freshly painted white Cabinets, Granite Countertops, Tile backsplash, new Appliances including a Double Oven, Island with seating, Pantry and lots of storage! Also, includes a quaint breakfast Area with a Patio door which leads to the 36x14 Paver Patio with Fire pit. The main floor features new LVP flooring throughout! Upstairs you will find the Large Master bedroom with a tray ceiling & ample sized walk-in closet. Master bath features a Classic Sliding Barn Door, garden tub, double vanities and separate shower, Plus Four generous sized Secondary Bedrooms with plenty of closet space. The Laundry room completes the second floor. Water Heater 2021, Roof 2015
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: Moss Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Moss Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$401 | |
| Property Insurance | -$80 | |
| HOA | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$30
|
||
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.
$379,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.5% |
| 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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
4.92
YEARS SAVED
$19,154
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,038
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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- 5 beds 3 baths ∙ 2,802 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,802 Sqft ∙ Built 2005
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- Rent
- Rent Per SQFT
- $1,950
- $0.70
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1595 Tranquility Avenue Concord, NC 1
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LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,950
- $0.72
-
9547 Indian Beech Avenue Concord, NC 3
- 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 2007
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LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,995
- $0.73
-
1311 Bridgeford Drive Huntersville, NC 4
- 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2015
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LEASED 05/14/20- Rent
- Rent Per SQFT
- $2,000
- $0.71
-
9423 Pepperidge Avenue Concord, NC 5
- 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2004
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,045
- $0.75
PROPERTY LISTING DETAILS
1.704.288.7392
Better Homes And Gardens Real Estate Paracle
MLS #: 3708344
Last Updated: 02/20/2021
