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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $164.38
- 2 Days on Market
- MLS # : 3694658
- Updated Date : 01/16/2021 at 18:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,825 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Ballantyne Area
Listing Agent's Description
Ready for you! Located in the ever-popular Oxford Glen neighborhood in Mint Hill, this spacious 2 story home is sited on almost a half acre of land, with almost a fully fenced yard includes a storage building and a garden plot. The home features a classic layout with a formal dining room and living room towards the front of the home and an open floor plan between the Kitchen, Breakfast Room and Family Room. The Family Room has a fireplace and sliding glass doors to an expansive back deck - great for grilling and outdoor gatherings. The second level has a large Master Suite featuring a trey ceiling with lighted ceiling fan, a walk in closet, and updated Master Bathroom vanity plus a deep garden tub and separate walk in shower. Two secondary bedrooms are good sized. The interior was just freshly painted and carpets cleaned for it's new owners. The house is ready to go!
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: Mint Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mint Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,550 |
EXPENSES | Loan Payment | -$1,042 |
Property Tax | -$228 | |
Property Insurance | -$62 | |
HOA | -$4 | |
Property Management Fees | -$119 | |
CASH FLOW
$95
|
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.
$300,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 2.98% |
Appreciation Year (1-5) | 5.2% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.57% |
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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $75,000 |
Loan Amount | $225,000 |
6.67
YEARS SAVED
$24,354
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,633
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.704.608.0228
Keller Williams Ballantyne Area