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14407 Whistling Swan Road Charlotte, NC 28278

5 Beds 4 Baths 3,258 sqft Built 2007

$344,500

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $105.74
  • 5 Days on Market
  • MLS # : 3691652
  • Updated Date : 12/19/2020 at 13:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,258 sqft
  • Baths : 3 full , 1 half
Listing Agent

Wilkinson Era Real Estate

Listing Agent's Description

Multiple Offer: Highest and Best by 4pm on 12/20/2020. The owners lovingly refer to this home as the mullet house…Business up front, and PARTY IN THE BACK! The backyard is stunning & so relaxing. You’ll likely want to spend more time outdoors than in! Speaking of in you have 2 story foyer leading to office w/ secret storage bookcase & dining room. Wide plank engineered hardwoods throughout 1st floor. Amazing 2 story great room w/ stone surround open to the upgraded kitchen w/ soft close cabinets & drawers. Kitchen upgrades: quieter dishwasher, double oven & 4 door fridge. 1st floor master suite w/ a tray ceiling & tons of natural light. En suite bath boosts tile shower w/ frameless glass, soaker tub & new heated tile floors! No cold feet this winter. 4 more bedrooms on 2nd floor including a 2nd master & 2 full baths. 3rd floor bonus room w/ 2 walk in storage areas. Fenced backyard. Outdoor kitchen w/ natural gas grill, smoker & fridge. 12x12 building. Tankless water heater.

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: Pleasant Hill Road

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $116k346k

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

Neighborhood: Pleasant Hill Road

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441854

* 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
River Gate Elementary School Primary Regular 828 44 7
Southwest Middle School Middle Regular 1,403 72 6
Math, Engineering, Technology And Science At Olympic High School High Regular 607 28 7

River Gate Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 44
7
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 1,403
  • # of teachers: 72
6
GreatSchools Rating

Math, Engineering, Technology And Science At Olympic High School

  • Education Level: High
  • # of students: 607
  • # of teachers: 28
7
GreatSchools Rating
 

$310,050$378,950$344,500

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,271
Property Tax -$300
Property Insurance -$88
HOA -$53
Property Management Fees -$119
CASH FLOW
$188

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.

$344,500

PROJECTED PRICE

$2,020

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.2%
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$20k

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$97,043

INVESTMENT

$97,043

Down Payment
$86,125
Rehab Estimate
$5,750
Closing Costs
$5,168

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,271

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,125
Loan Amount $258,375
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$45,228

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,158

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0203$2,0454$2,1455$2,245
$2,245
RENT COMPS ANALYSIS
  • 14407 Whistling Swan Road Charlotte, NC 2
    • 5 beds 4 baths ∙ 3,258 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,258 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.62
    •  
  • 15622 Normans Landing Drive Charlotte, NC 1
    • 4 beds 4 baths ∙ 3,105 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,105 Sqft ∙ Built 2007
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.61
    •  
  • 16215 Long Talon Way Charlotte, NC 3
    • 5 beds 4 baths ∙ 2,942 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,942 Sqft ∙ Built 2006
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.70
    •  
  • 14319 Pintail Landing Lane Charlotte, NC 4
    • 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 2006
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.67
    •  
  • 14404 Whistling Swan Road Charlotte, NC 5
    • 5 beds 4 baths ∙ 3,368 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,368 Sqft ∙ Built 2006
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.67
    •  
PROPERTY LISTING DETAILS
Lorie Stadick
1.704.941.1029
Wilkinson Era Real Estate
BESbswy