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13802 Baytown Court Huntersville, NC 28078

4 Beds 4 Baths 3,161 sqft Built 2011

$399,000

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $126.23
  • 5 Days on Market
  • MLS # : 3681478
  • Updated Date : 11/15/2020 at 00:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,161 sqft
  • Baths : 4 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful, open and spacious 4 bedrooms/4 full baths home is waiting to meet its new owner! Gracious sized kitchen with breakfast area with tons of counter space, double oven, SS appliances, granite countertops and hardwood floors. Large and inviting family room offers a fireplace, guest bedroom with full bath on main. Upper level has a loft, master bedroom with sitting area, master bath features dual vanities, oversized showers, garden tub and a large walk-in closet. Walk-in laundry room, two additional bedrooms with Jack and Jill bathroom. Fenced in yard is great for BBQ'g!!!

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: 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
Barnette Elementary School Primary Unknown 640 38 NA
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Barnette Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 38
NA
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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,472
Property Tax -$332
Property Insurance -$87
HOA -$59
Property Management Fees -$181
CASH FLOW
-$120

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.

$399,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.50%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$13,338

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,126

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,010
1$2,0102$2,0953$2,1504$2,1505$2,500
$2,500
RENT COMPS ANALYSIS
  • 13802 Baytown Court Huntersville, NC 1
    • 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,161 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.64
    •  
  • 3918 Conner Glenn Drive Huntersville, NC 2
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2004
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.69
    •  
  • 10730 Charmont Place Huntersville, NC 3
    • 5 beds 4 baths ∙ 3,252 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,252 Sqft ∙ Built 2016
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.66
    •  
  • 9115 Rayneridge Drive Huntersville, NC 4
    • 4 beds 4 baths ∙ 3,495 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,495 Sqft ∙ Built 2011
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.62
    •  
  • 8112 Bramfield Drive Huntersville, NC 5
    • 5 beds 3 baths ∙ 3,509 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,509 Sqft ∙ Built 2013
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
PROPERTY LISTING DETAILS
Sylvia Gause
1.704.806.6779
Exp Realty Llc
BESbswy