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14515 Lyon Hill Lane #11 Huntersville, NC 28078

5 Beds 3 Baths 3,122 sqft Built 2006

$380,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $121.72
  • 3 Days on Market
  • MLS # : 3710863
  • Updated Date : 03/13/2021 at 00:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,122 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Executive

Listing Agent's Description

It doesn't get better than this one!!! You have finally found your forever home! Nestled in the well established subdivision of Villages at Rosedale, this home features 4 bedroom, 2 and a half bathroom, with an open floorplan that overlooks spacious living spaces, also feature open and airy trey ceilings, hard wood floors throughout the home, with tiled and upgraded French glass doors. This dream home is available for you to make your own. With shopping areas close by, restaurants at your fingertips and easy access to interstates this one won't last long!

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: 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
Torrence Creek Elementary School Primary Regular 483 28 8
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Torrence Creek Elementary School

  • Education Level: Primary
  • # of students: 483
  • # of teachers: 28
8
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
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,320
Property Tax -$305
Property Insurance -$86
HOA -$50
Property Management Fees -$119
CASH FLOW
$80

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.

$380,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.52%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$30,059

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,061

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9603$1,9754$2,1455$2,175
$2,175
RENT COMPS ANALYSIS
  • 14515 Lyon Hill Lane Huntersville, NC 2
    • 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.63
    •  
  • 9109 Greenheather Drive Huntersville, NC 1
    • 5 beds 3 baths ∙ 2,992 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,992 Sqft ∙ Built 2007
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.62
    •  
  • 14013 Holly Stream Drive Huntersville, NC 3
    • 5 beds 3 baths ∙ 3,220 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,220 Sqft ∙ Built 2006
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.61
    •  
  • 14412 Lyon Hill Lane Huntersville, NC 4
    • 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,962 Sqft ∙ Built 2005
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.72
    •  
  • 14415 Lyon Hill Lane Huntersville, NC 5
    • 5 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,222 Sqft ∙ Built 2004
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.68
    •  
PROPERTY LISTING DETAILS
Thu Vo
1.704.900.4555
Re/max Executive
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3710863
Last Updated: 03/13/2021
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