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

14303 Holly Springs Drive Huntersville, NC 28078

3 Beds 3 Baths 1,663 sqft Built 2011

$345,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
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

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: 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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 50% 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 $258,750
See What Happens When You Reinvest Cash Flow

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
$1,575
1$1,5752$1,5753$1,7204$1,7255$1,750
$1,750
RENT COMPS ANALYSIS
  • 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
Heather Griffin
1.704.626.8651
Digioia Realty
BESbswy