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14343 Maclauren Lane Huntersville, NC 28078

3 Beds 3 Baths 2,539 sqft Built 2002

$349,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $137.81
  • 3 Days on Market
  • MLS # : 3679461
  • Updated Date : 11/07/2020 at 00:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,539 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ivester Jackson Properties

Listing Agent's Description

Don't miss out on this move-in ready 3 bedroom home with a large bonus room currently used as a 4th bedroom. The covered front porch greets you as you arrive and leads you into the light filled open floorplan with plenty of room for large family gatherings. Kitchen features large island, s/s appliances, walk-in pantry and tons of cabinets for storing all of your supplies. The open concept flows easily from kitchen to great room that overlooks the private fenced-in backyard with expanded deck and pergola - perfect for entertaining. Laundry Room is upstairs and master bedroom has large sitting area and walk-in closet. Multi-zone in-ground irrigation. Great neighborhood and amenities!

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: 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
Barnette Elementary School Primary Unknown 640 38 NA
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Barnette Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 38
NA
GreatSchools Rating

Francis Bradley Middle School

  • Education Level: Middle
  • # of students: 1,140
  • # of teachers: 59
6
GreatSchools Rating

Hopewell High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 87
3
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,291
Property Tax -$293
Property Insurance -$75
HOA -$55
Property Management Fees -$161
CASH FLOW
-$86

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.

$349,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

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 $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,822

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,7003$1,7904$1,8955$2,100
$2,100
RENT COMPS ANALYSIS
  • 14343 Maclauren Lane Huntersville, NC 3
    • 3 beds 3 baths ∙ 2,539 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,539 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.71
    •  
  • 7031 Carrington Pointe Drive Huntersville, NC 1
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2017
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.66
    •  
  • 13323 Waverton Lane Huntersville, NC 2
    • 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 2004
    property image
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.72
    •  
  • 5836 Mcdowell Run Drive Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2010
    property image
    LEASED 05/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.70
    •  
  • 11218 Grenfell Avenue Huntersville, NC 5
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2018
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
PROPERTY LISTING DETAILS
Kris Kjeldsen
1.704.572.0338
Ivester Jackson Properties
BESbswy