Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $142.00
- 4 Days on Market
- MLS # : 3691995
- Updated Date : 12/19/2020 at 00:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,831 sqft
- Baths : 2 full , 1 half
Listing Agent
Fathom Realty
Listing Agent's Description
Handyman's Special! What a great deal of a house in 28273! Close to everything - major highways, 15 minutes drive to uptown Charlotte and South Carolina, Carowinds, tons of shopping and recreation and close to Lake Wyle. Nice flat yard that feels "fenced in" because neighbors on all sides have fences. Seller says "bring your best FAIR offer!" Needs cosmetic TLC but it's priced accordingly. Sold as-is.
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: Yorkshire
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Yorkshire
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$229 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$191
|
||
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.
$260,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 7.2% |
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
9.5
YEARS SAVED
$40,443
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,666
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
13706 Poppleton Court Charlotte, NC 1
- 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,831 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,560
- $0.85
-
13132 Canterbury Castle Drive Charlotte, NC 2
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2017
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,600
- $0.94
-
13507 Helmsley Court Charlotte, NC 3
- 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 1992
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,645
- $0.84
-
11202 Livingston Mill Road Charlotte, NC 4
- 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1998
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,695
- $0.89
-
11928 Tanton Lane Charlotte, NC 5
- 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1990
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,700
- $0.97
PROPERTY LISTING DETAILS
1.704.750.0075
Fathom Realty
