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14434 Gadwall Court Charlotte, NC 28273

3 Beds 3 Baths 2,142 sqft Built 1994

$339,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $158.68
  • 2 Days on Market
  • MLS # : 3720482
  • Updated Date : 03/20/2021 at 17:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,142 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sell Your Home Services Llc

Listing Agent's Description

This home is perfect for entertaining with a large deck and screened porch leading to a cement patio, 48 ft bocce court and large powered workshop in an enclosed back yard. This home is move in ready with all upgraded lighting and fans, walls and ceilings painted Dec. 2019. Screen in door storm door, plantation shutters in the great room and new slider with mini blinds in the glass lead to the backyard via the large screened porch. The community pond has a recreation area and walking trails just off the cul de sac. There is excellent storage space with two pantries in the kitchen, extra hall closets upstairs and downstairs and storage the full length of the garage via pull down stairs.

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: Yorkshire

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $103k318k

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

Neighborhood: Yorkshire

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
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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,181
Property Tax -$296
Property Insurance -$68
HOA -$27
Property Management Fees -$119
CASH FLOW
-$41

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.

$339,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 7.2%
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

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,676

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6453$1,6504$1,6955$1,699
$1,699
RENT COMPS ANALYSIS
  • 14434 Gadwall Court Charlotte, NC 3
    • 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 14127 Southbridge Forest Drive Charlotte, NC 1
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1996
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 13612 Quixley Lane Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1991
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.73
    •  
  • 11314 Bumpious Court Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,016 Sqft ∙ Built 1994
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.84
    •  
  • 14200 Harlequin Drive Charlotte, NC 5
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 1995
    property image
    LEASED 03/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.74
    •  
PROPERTY LISTING DETAILS
Dan Demers
1.877.893.6566
Sell Your Home Services Llc
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3720482
Last Updated: 03/20/2021
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