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

14132 Holly Springs Drive Huntersville, NC 28078

4 Beds 3 Baths 2,237 sqft Built 2011

$344,999

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $154.22
  • 2 Days on Market
  • MLS # : 3706030
  • Updated Date : 02/06/2021 at 12:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,237 sqft
  • Baths : 2 full , 1 half
Listing Agent

Northgroup Real Estate, Inc.

Listing Agent's Description

Charming double porch home overlooking one of Monteith's community parks. These sought after settings never last long. Exquisite open floorplan is absolutely move in ready! Hardwoods and oversized tile in the kitchen. Spacious kitchen with expresso cabinets & stainless steel accents, semi formal dining opens into family room with fireplace. Covered side patio makes for great outdoor living. Upstairs is a generous master suite, 2 spacious bedrooms and fabulous 4th Bedroom that can be your bonus room. Short walk to pool and playground. Be sure to see all Monteith Park has to offer when you visit - community parks, green spaces, walking & nature trails, Clubhouse, pool with slide + kids pool, playground and more....

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Monteith Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Monteith Park

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
Huntersville Elementary School Primary Regular 729 42 8
Bailey Middle School Middle Regular 1,616 77 9
William Amos Hough High School High Regular 2,453 120 8

Huntersville Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 42
8
GreatSchools Rating

Bailey Middle School

  • Education Level: Middle
  • # of students: 1,616
  • # of teachers: 77
9
GreatSchools Rating

William Amos Hough High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 120
8
GreatSchools Rating
 

$310,499$379,499$344,999

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,198
Property Tax -$277
Property Insurance -$69
HOA -$65
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.

$344,999

PROJECTED PRICE

$1,850

PROJECTED RENT

0.54%

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$0.0$5.0k$10k$15k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,749
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$31,845

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,924

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9004$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 14132 Holly Springs Drive Huntersville, NC 2
    • 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 15825 Taviston Street Huntersville, NC 1
    • 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2003
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 14156 Holly Springs Drive Huntersville, NC 3
    • 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2010
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 10304 Friarsgate Road Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 1998
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 14623 Holly Springs Drive Huntersville, NC 5
    • 4 beds 4 baths ∙ 2,401 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,401 Sqft ∙ Built 2006
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
Robert Mccrorey
1.980.721.5647
Northgroup Real Estate, Inc.
BESbswy