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14231 Hudson Park Lane Huntersville, NC 28078

4 Beds 3 Baths 2,301 sqft Built 1999

INVESTimate

$350,000

List Price

$1,770

$1,593 - $1,947

Rent Est.

$368,970  ( +5.42%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $152.11
  • 9 Days on Market
  • MLS # : 3652492
  • Updated Date : 08/18/2020 at 19:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,301 sqft
  • Baths : 3 full
Listing Agent

Keller Williams University City

Listing Agent's Description

Charming 4 bedroom home with many updates situated in the perfect location near great schools, shopping and close to I-485 and I-77! When you walk in you will appreciate all the updates this home has! Sellers have new tile floor throughout the first floor, with updated kitchen(2019) with new counters, stacked slate accent wall, new lighting to new appliances(2018)! Then when you head into the first floor master suite you'll find a unique and beautiful wooden feature wall and an updated master bath(2019) with updated lights, sinks and bath/shower. Upstairs you'll find a great space with a bedroom, bonus room and full bath! Outside won't disappoint with extra long private driveway, back load garage and landscaping along with a covered front porch! Back sliders and back porch replaced in 2020. Upstairs AC replaced inn 2020. Come take a look!

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
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,291
Property Tax -$283
Property Insurance -$70
HOA -$31
Property Management Fees -$159
CASH FLOW
-$65

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.

$350,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$14,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,7953$1,8004$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 14231 Hudson Park Lane Huntersville, NC 1
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.77
    •  
  • 15310 Hugh Torance Parkway Huntersville, NC 2
    • 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
  • 15825 Taviston Street Huntersville, NC 3
    • 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2003
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 14156 Holly Springs Drive Huntersville, NC 4
    • 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,169 Sqft ∙ Built 2010
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 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
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
Carol Grochmal
1.704.281.6839
Keller Williams University City
BESbswy