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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $165.48
- 9 Days on Market
- MLS # : 3688108
- Updated Date : 12/10/2020 at 09:44
CONSTRUCTION
- Beds : 3
- Floor Size : 2,054 sqft
- Baths : 2 full , 1 half
Listing Agent
Rowan Realty Ltd.
Listing Agent's Description
This is a charming and beautifully decorated home in sought after Vermillion, on a lovely tree-lined street. Relax on the spacious rocking chair front porch or the back patio with pavers and outdoor firepit. The backyard is enclosed with a privacy fence. Enjoy the great landscaping with lighting that adds ambience at night. Inside, you will find 3 bedrooms, 2.5 baths, dining room, office, and an open family room, kitchen and breakfast room. The kitchen features granite counters, stainless steel appliances and the family room has a nice wood burning fireplace. The master bedroom has a renovated bath with beautiful finishes. The attached 2 car garage has a work bench for the hobbyist. Make an appointment today to see this home that shows like a model. You will not be disappointed, and it is walking distance to many of the amenities Vermillion has to offer. Listing agent is related.
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: Vermillion
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vermillion
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$297 | |
| Property Insurance | -$66 | |
| HOA | -$46 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$121
|
||
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.
$339,900
PROJECTED PRICE
$1,660
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| 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
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
3.92
YEARS SAVED
$14,418
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,700
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
14036 Alley Son Street Huntersville, NC 3
- 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,660
- $0.81
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13555 Aldenbrook Drive Huntersville, NC 1
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LEASED 04/04/20- Rent
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- $1,595
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- 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2006
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,650
- $0.79
-
12220 Huntersville Concord Road Huntersville, NC 4
- 4 beds 4 baths ∙ 2,060 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,060 Sqft ∙ Built 2018
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,699
- $0.82
-
13328 Banner Court Lane Huntersville, NC 5
- 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,244 Sqft ∙ Built 2008
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,900
- $0.85
PROPERTY LISTING DETAILS
1.704.202.1584
Rowan Realty Ltd.
