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14509 Green Birch Drive Pineville, NC 28134

5 Beds 4 Baths 3,049 sqft Built 2012

$365,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $119.71
  • 4 Days on Market
  • MLS # : 3707100
  • Updated Date : 02/20/2021 at 11:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,049 sqft
  • Baths : 3 full , 1 half
Listing Agent

David Upchurch Real Estate

Listing Agent's Description

Nestled away in the Carolina Village community, you will find this immaculately maintained home in South Charlotte. Welcoming you with its charming exterior while flowing inside with luxurious features you will fall in love with. This 5 bedroom home features a gorgeous open Kitchen, Stainless Appliances, Granite and beautiful Hardwoods throughout the Main Floor. Step out in the backyard to a Fire Pit, Patio and Fenced yard. Great Location!! Walk or take a quick bike ride to Downtown Pineville or Ballantyne just minutes from your front door. This exceptional opportunity awaits you. *Call Brooke Arnold w/ questions 954-815-4818 *Submit all offers to brooke@davidupchurch.com *Please follow all COVID-19 protocols by wearing masks, leaving all lights on and avoiding touching surfaces as much as possible. *Disclaimer All information provided is deemed and reliable, but is not guaranteed and should be independently verified.

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: Pineville

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240k250kPrice in $108k251k

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

Neighborhood: Pineville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8421652

* 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
Pineville Elementary School Primary Regular 811 45 7
Quail Hollow Middle School Middle Regular 946 51 3
South Mecklenburg High School High Regular 2,913 147 7

Pineville Elementary School

  • Education Level: Primary
  • # of students: 811
  • # of teachers: 45
7
GreatSchools Rating

Quail Hollow Middle School

  • Education Level: Middle
  • # of students: 946
  • # of teachers: 51
3
GreatSchools Rating

South Mecklenburg High School

  • Education Level: High
  • # of students: 2,913
  • # of teachers: 147
7
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,268
Property Tax -$316
Property Insurance -$85
HOA -$46
Property Management Fees -$119
CASH FLOW
$267

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$365,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.57%
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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$43,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,302

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,3004$2,3955$2,450
$2,450
RENT COMPS ANALYSIS
  • 14509 Green Birch Drive Pineville, NC 2
    • 5 beds 4 baths ∙ 3,049 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,049 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 14025 Green Birch Drive Pineville, NC 1
    • 5 beds 4 baths ∙ 2,793 Sqft ∙ Built 5 beds 4 baths ∙ 2,793 Sqft ∙ Built
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 716 Balboa Court Fort Mill, SC 3
    • 5 beds 3 baths ∙ 3,171 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,171 Sqft ∙ Built 2013
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.73
    •  
  • 4218 Huntley Glen Drive Pineville, NC 4
    • 4 beds 4 baths ∙ 3,139 Sqft ∙ Built 4 beds 4 baths ∙ 3,139 Sqft ∙ Built
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.76
    •  
  • 10116 Single Oak Court Pineville, NC 5
    • 5 beds 4 baths ∙ 3,012 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,012 Sqft ∙ Built 2012
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
PROPERTY LISTING DETAILS
David Upchurch
1.704.994.8656
David Upchurch Real Estate
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3707100
Last Updated: 02/20/2021
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