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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $182.84
- 4 Days on Market
- MLS # : 3707975
- Updated Date : 02/13/2021 at 15:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,859 sqft
- Baths : 2 full , 1 half
Listing Agent
Savvy + Co Real Estate
Listing Agent's Description
Double porch beauty that overlooks the community pocket park, you have amazing views from both porches! Over $50K spent in the kitchen remodel and new flooring downstairs. Kitchen was taken down to the studs and replaced with beautiful quartz counters and finishes. Enjoy your rocking chair front porches and the Charleston style charm that this lovely community has to offer. Monteith Park is minutes from Birkdale Village, highway access, shops, restaurants and 30 minutes from Uptown Charlotte. Welcome Home!
SEE MORE
- 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: 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 | $1,680 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$273 | |
| Property Insurance | -$62 | |
| HOA | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$20
|
||
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
$1,680
PROJECTED RENT
0.49%
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
$95,824
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
5.33
YEARS SAVED
$18,769
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
14502 Holly Springs Drive Huntersville, NC 4
- 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,680
- $0.90
-
15246 Eric Kyle Drive Huntersville, NC 1
- 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 2000
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,525
- $0.88
-
16527 Spruell Street Huntersville, NC 2
- 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 2004
LEASED 03/24/20- Rent
- Rent Per SQFT
- $1,595
- $0.86
-
14627 Laura Michelle Road Huntersville, NC 3
- 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 1999
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
-
9712 Parcell Street Huntersville, NC 5
- 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2002
LEASED 05/09/20- Rent
- Rent Per SQFT
- $1,750
- $0.97
PROPERTY LISTING DETAILS
1.704.654.9305
Savvy + Co Real Estate
