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13623 Shiella Caruth Drive #209 Huntersville, NC 28078

3 Beds 2 Baths 1,774 sqft Built 2001

$269,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $152.14
  • 4 Days on Market
  • MLS # : 3694020
  • Updated Date : 01/01/2021 at 18:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,774 sqft
  • Baths : 2 full
Listing Agent

Wilkinson Era Real Estate

Listing Agent's Description

*********HIGHEST AND BEST OFFER BY 6PM SATURDAY 1/2!! OPEN HOUSE SATURDAY, 1/2....1pm-4pm********* Welcome home!! This amazing property has been impeccably maintained and it shows! The home offers upgrades galore and overlooks a quiet common area which adds to the privacy of this beautiful home. The home features 3 bedrooms and 2 full baths as well as a spacious bonus room above the garage. Once inside you will notice the recently upgraded kitchen appointed with granite countertops and gorgeous upgraded white cabinets. The master bath has the same gorgeous cabinets as well as a new double sink granite top vanity. The walk in shower is stunning with seamless glass door entry. Along with these fabulous upgrades, new carpet was added last year and the HVAC, fence, garage door and opener are all NEW this year! This home will go fast so don't miss your opportunity to live in this beautiful area in the heart of Huntersville.

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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: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Torrence Creek Elementary School Primary Regular 483 28 8
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Torrence Creek Elementary School

  • Education Level: Primary
  • # of students: 483
  • # of teachers: 28
8
GreatSchools Rating

Francis Bradley Middle School

  • Education Level: Middle
  • # of students: 1,140
  • # of teachers: 59
6
GreatSchools Rating

Hopewell High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 87
3
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$996
Property Tax -$220
Property Insurance -$61
HOA -$17
Property Management Fees -$119
CASH FLOW
$198

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.

$269,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$42,026

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5253$1,5504$1,6105$1,650
$1,650
RENT COMPS ANALYSIS
  • 13623 Shiella Caruth Drive Huntersville, NC 4
    • 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,774 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.91
    •  
  • 13506 Latta Gordon Road Huntersville, NC 1
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 2002
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 15246 Eric Kyle Drive Huntersville, NC 2
    • 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 2000
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.88
    •  
  • 15220 Leslie Brook Road Huntersville, NC 3
    • 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 1999
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 13314 Philip Michael Road Huntersville, NC 5
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2001
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
PROPERTY LISTING DETAILS
Danielle Mcknight
1.919.769.4373
Wilkinson Era Real Estate
BESbswy