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13716 Stephendale Drive Charlotte, NC 28273

4 Beds 3 Baths 2,146 sqft Built 1991

$299,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $139.75
  • 3 Days on Market
  • MLS # : 3692566
  • Updated Date : 12/19/2020 at 13:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,146 sqft
  • Baths : 2 full , 1 half
Listing Agent

Barbee Realty

Listing Agent's Description

Welcome Home! Fantastic floorplan with large entry that leads to a den/study with a bay window, on the other side of the foyer is a formal dining room with lots of natural light. Adjacent to the dining area is a butlers pantry that connects to the kitchen, perfect for entertaining. Spacious living room has a beautiful brick fireplace and is open to the kitchen which has oak cabinetry with solid surface counters, adjacent is a breakfast area with double doors that lead to the fenced in back yard complete with patio, deck and grilling area. Upstairs you will find a Owners Suite complete with his and hers closets, en~suite bath with double vanities, soaking tub and separate shower. 3 more bedrooms and another full bath complete the upstairs. Home has had updated lvp in foyer, dining room, kitchen, butlers pantry, half bath and upstairs bathrooms. Custom shiplap accents and updated paint make this home inviting!!!Come see today!

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

Neighborhood: Yorkshire

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $103k318k

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

Neighborhood: Yorkshire

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
River Gate Elementary School Primary Regular 828 44 7
Southwest Middle School Middle Regular 1,403 72 6
Math, Engineering, Technology And Science At Olympic High School High Regular 607 28 7

River Gate Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 44
7
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 1,403
  • # of teachers: 72
6
GreatSchools Rating

Math, Engineering, Technology And Science At Olympic High School

  • Education Level: High
  • # of students: 607
  • # of teachers: 28
7
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,107
Property Tax -$262
Property Insurance -$68
HOA -$33
Property Management Fees -$119
CASH FLOW
$152

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.

$299,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$38,346

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6453$1,6954$1,7405$1,795
$1,795
RENT COMPS ANALYSIS
  • 13716 Stephendale Drive Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,146 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.81
    •  
  • 13507 Helmsley Court Charlotte, NC 1
    • 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
    •  
  • 13612 Quixley Lane Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1991
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.73
    •  
  • 11314 Bumpious Court Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1994
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 13515 Grey Coat Court Charlotte, NC 5
    • 3 beds 2 baths ∙ 2,215 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,215 Sqft ∙ Built 1988
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
PROPERTY LISTING DETAILS
Deanna Barbee
1.704.794.2515
Barbee Realty
BESbswy