Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13930 Dingess Road Charlotte, NC 28273

3 Beds 3 Baths 1,472 sqft Built 1999

$262,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $177.99
  • 14 Days on Market
  • MLS # : 3669957
  • Updated Date : 12/05/2020 at 17:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Living Carolinas Real Estate

Listing Agent's Description

Meticulously maintained home on the largest corner lot in desirable Griers Fork subdivision. Lots of upgrades and additions throughout the house, including all new appliances, new HVAC (2020), new furnace (2019), new carpet, new laminate wood floors in kitchen and bathrooms, sound wiring, extra inner wall insulation, flash flood outdoor lighting and more. Come see this home before it is gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Griers Fork

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k235k

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

Neighborhood: Griers Fork

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6771518

* 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
Steele Creek Elementary School Primary Regular 737 43 6
Kennedy Middle School Middle Regular 722 43 4
Math, Engineering, Technology And Science At Olympic High School High Regular 607 28 7

Steele Creek Elementary School

  • Education Level: Primary
  • # of students: 737
  • # of teachers: 43
6
GreatSchools Rating

Kennedy Middle School

  • Education Level: Middle
  • # of students: 722
  • # of teachers: 43
4
GreatSchools Rating

Math, Engineering, Technology And Science At Olympic High School

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

$235,800$288,200$262,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$967
Property Tax -$228
Property Insurance -$55
HOA -$10
Property Management Fees -$119
CASH FLOW
-$39

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.

$262,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$75,180

INVESTMENT

$75,180

Down Payment
$65,500
Rehab Estimate
$5,750
Closing Costs
$3,930

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$967

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,500
Loan Amount $196,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,116

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
  • $0.91

    LIST RENT PER SQFT
  • $1,406

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3953$1,4504$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 13930 Dingess Road Charlotte, NC 1
    • 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,472 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.91
    •  
  • 1801 Rice Planters Road Charlotte, NC 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 11413 Larix Drive Charlotte, NC 3
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 2000
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 10527 Queensmead Circle Charlotte, NC 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1990
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 10617 Candlestick Court Charlotte, NC 5
    • 3 beds 3 baths ∙ 1,736 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,736 Sqft ∙ Built 2009
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
PROPERTY LISTING DETAILS
Diana Spencer
1.949.324.6972
Real Living Carolinas Real Estate
BESbswy