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133 Ashton Woods Court Mount Holly, NC 28120

3 Beds 3 Baths 2,753 sqft Built 2006

$250,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $90.81
  • 5 Days on Market
  • MLS # : 3693860
  • Updated Date : 01/02/2021 at 19:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,753 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

We have multiple offers on this property. please submit your clients highest and best by 01/3/2021 @ 6pm. Please use the subject line "highest and best for Ashton woods court" Welcome to Kendrick Farm subdivision. This beautiful well maintained home offers 3 beds, 2.5 baths with over 2700 + sq ft and attached garage. Oversized owners bedroom with a shower & tub combo with dual vanities. The loft area upstairs is ideal for a second living area/game room or office area. Open floor plan instantly invites you into the dining room area as soon as you enter through the front door. Oversized living room with a gas fireplace and L shape kitchen with laundry room and garage access off to the right. Sellers installed new flooring in both bathrooms upstairs, new siding glass door to the backyard and new roof in 2019.

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: 28120

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210kPrice in $110k213k

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

Zip Code: 28120

ZipNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400Rent in $8231440

* 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
Pinewood Elementary School Primary Regular 581 34 6
Mount Holly Middle School Middle Regular 771 41 7
East Gaston High School High Regular 1,122 67 5

Pinewood Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 34
6
GreatSchools Rating

Mount Holly Middle School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 41
7
GreatSchools Rating

East Gaston High School

  • Education Level: High
  • # of students: 1,122
  • # of teachers: 67
5
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$922
Property Tax -$296
Property Insurance -$79
HOA -$42
Property Management Fees -$119
CASH FLOW
$132

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.

$250,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 5.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$26,796

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $1,606

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5903$1,5954$1,645
$1,645
RENT COMPS ANALYSIS
  • 133 Ashton Woods Court Mount Holly, NC 2
    • 3 beds 3 baths ∙ 2,753 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,753 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.58
    •  
  • 124 Fawn Ridge Court Mount Holly, NC 1
    • 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2007
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.51
    •  
  • 308 Farm Springs Drive Mount Holly, NC 3
    • 3 beds 3 baths ∙ 2,438 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,438 Sqft ∙ Built 2007
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.65
    •  
  • 120 Austin Field Court Mount Holly, NC 4
    • 3 beds 3 baths ∙ 2,773 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,773 Sqft ∙ Built 2009
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.59
    •  
PROPERTY LISTING DETAILS
Michael Corbett
1.910.975.4022
Exp Realty Llc
BESbswy