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13739 Kensal Green Drive Charlotte, NC 28278

3 Beds 2 Baths 1,971 sqft Built 1995

$285,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $145.05
  • 6 Days on Market
  • MLS # : 3677427
  • Updated Date : 10/31/2020 at 00:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,971 sqft
  • Baths : 2 full
Listing Agent

Moss Realty

Listing Agent's Description

This home is has it all! The custom kitchen cabinets and granite counter tops pair perfect with the tile floors and backsplash! The large master suite offers a soaking tub, glass shower, and his and hers sinks. The fenced back yard boasts a storage building, gazebo and tons of privacy. The optimal tree cover ensures you can stay shaded and cool while outside on summer days. Make an appointment to view this home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Pleasant Hill Road

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $116k346k

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

Neighborhood: Pleasant Hill Road

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441854

* 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
 

$257,310$314,490$285,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,055
Property Tax -$249
Property Insurance -$64
HOA -$15
Property Management Fees -$142
CASH FLOW
$55

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.

$285,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,514

INVESTMENT

$81,514

Down Payment
$71,475
Rehab Estimate
$5,750
Closing Costs
$4,289

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,055

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,475
Loan Amount $214,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$21,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5803$1,7454$1,7555$1,775
$1,775
RENT COMPS ANALYSIS
  • 13739 Kensal Green Drive Charlotte, NC 2
    • 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,971 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.80
    •  
  • 15913 Pedlar Mills Road Charlotte, NC 1
    • 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2001
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.86
    •  
  • 15014 Ashlight Drive Charlotte, NC 3
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1997
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.94
    •  
  • 15513 Rathangan Drive Charlotte, NC 4
    • 3 beds 3 baths ∙ 2,127 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,127 Sqft ∙ Built 2005
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,755
    • $0.83
    •  
  • 14023 Hatton Cross Drive Charlotte, NC 5
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1998
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.90
    •  
PROPERTY LISTING DETAILS
Michael Johnson
1.704.813.1073
Moss Realty
BESbswy