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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $207.46
- -1 Days on Market
- MLS # : CAR3761822
- Updated Date : 07/13/2021 at 04:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,663 sqft
- Baths : 2 full , 1 half
Listing Agent
Digioia Realty
Listing Agent's Description
Beautifully maintained 3 Bedroom Home in highly desirable Monteith Park!! Exterior of home and trim completely repainted in 2019! Front door freshly painted in 2021. Front and backyard freshly landscaped. Great front porch for sipping morning coffee! Nice open floor plan with gorgeous laminate wood flooring throughout main floor, tons of natural light, updated fixtures throughout! Spacious kitchen features granite counter tops, gas range, freshly painted cabinets in 2020, and huge walk-in pantry! Large laundry room on main level with second entry to back patio. 3 Bedrooms upstairs, including large master suite with deep tray ceiling, huge walk-in closet, and spacious master bath! Beautiful outdoor living space with covered patio, fresh landscape, and fenced in back yard! Detached Two-Car Finished Garage! Great location in neighborhood near several recreation areas and just a short walk from the community pool and playground. Convenient to I-77, grocery, shopping, restaurants, and more!
SEE MORE
- 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: Monteith Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Monteith Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$277 | |
| Property Insurance | -$59 | |
| HOA | -$87 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$19
|
||
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.
$345,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
5.25
YEARS SAVED
$18,889
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,730
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
14303 Holly Springs Drive Huntersville, NC 3
- 3 beds 3 baths ∙ 1,663 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,663 Sqft ∙ Built 2011
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $1.03
-
807 Cattaloochee Lane Huntersville, NC 1
- 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2007
![property image]()
LEASED 09/23/20- Rent
- Rent Per SQFT
- $1,575
- $1.04
-
814 Cattaloochee Lane Huntersville, NC 2
- 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,512 Sqft ∙ Built 2005
![property image]()
LEASED 02/12/21- Rent
- Rent Per SQFT
- $1,575
- $1.04
-
16125 Farmall Drive Huntersville, NC 4
- 3 beds 3 baths ∙ 1,643 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,643 Sqft ∙ Built 1996
![property image]()
LEASED 02/28/21- Rent
- Rent Per SQFT
- $1,725
- $1.05
-
14231 Holly Springs Drive Huntersville, NC 5
- 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 2011
![property image]()
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,750
- $1.03
PROPERTY LISTING DETAILS
1.704.626.8651
Digioia Realty
