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13924 Brownfield Trail Court 
Charlotte, NC
28273
3 Beds 2 Baths 1,402 sqft
Built 1998
INVESTimate
$229,900
List Price
$66,674
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $163.98
- 3 Days on Market
- MLS # : 3655253
- Updated Date : 08/25/2020 at 09:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,402 sqft
- Baths : 2 full
Listing Agent
Charlotte Metro Real Estate
Listing Agent's Description
MOVE IN READY! Great home in a great location. Located in cul-de-sac in the Griers Fork Community near shopping, restaurants and retail. Easy access to I-485. New Appliances include Range, Dishwasher, and Microwave. New Carpet and Freshly Painted throughout. New HVAC. Also installed new Light Fixture in Dining Area, Ceiling Fan in Living Room, Vinyl Flooring in Bathrooms. Many rooms have canned lighting. Enjoy entertaining in natural backyard.
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: Griers Fork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Griers Fork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$848 |
| Property Tax | -$200 | |
| Property Insurance | -$54 | |
| HOA | -$10 | |
| Property Management Fees | -$121 | |
|
CASH FLOW
$107
|
||
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.
$229,900
PROJECTED PRICE
$1,340
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 7.53% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.02% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
6.58
YEARS SAVED
$21,584
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,339
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
13924 Brownfield Trail Court Charlotte, NC 1
- 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,340
- $0.96
-
13911 Gauley Circle Charlotte, NC 2
- 3 beds 3 baths ∙ 1,490 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,490 Sqft ∙ Built 1998
LEASED 03/04/19- Rent
- Rent Per SQFT
- $1,375
- $0.92
-
1801 Rice Planters Road Charlotte, NC 3
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,395
- $1.00
-
11413 Larix Drive Charlotte, NC 4
- 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 2000
LEASED 10/23/19- Rent
- Rent Per SQFT
- $1,495
- $0.93
-
10527 Queensmead Circle Charlotte, NC 5
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1990
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,550
- $0.97
PROPERTY LISTING DETAILS
1.704.807.9654
Charlotte Metro Real Estate
