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1464 Haverford Road Nw Concord, NC 28027

4 Beds 3 Baths 2,405 sqft Built 2006

$345,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $143.45
  • 5 Days on Market
  • MLS # : 3719133
  • Updated Date : 03/20/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,405 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allen Tate Lake Norman

Listing Agent's Description

Great Home in Moss Creek with main floor office. New carpet in all the bedrooms. Two-story entrance with formal Dining Room. Cook's kitchen opens to Great Room with gas log fireplace and surround sound speakers. Breakfast Area opens to patio and fenced yard - great for enjoying the outdoors. Spacious Owner's Suite with sitting area, bath and huge walk-in closet. Large secondary bedroom with tons of closet space. Second floor Laundry Room for convenience. Great pool community with tennis courts, clubhouse, fitness center and walking trails.

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: Moss Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Moss Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8401874

* 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
W R Odell Elementary School Primary Regular 882 52 NA
Harris Road Middle School Middle Regular 1,185 63 9
Cox Mill High School High Regular 1,478 76 7

W R Odell Elementary School

  • Education Level: Primary
  • # of students: 882
  • # of teachers: 52
NA
GreatSchools Rating

Harris Road Middle School

  • Education Level: Middle
  • # of students: 1,185
  • # of teachers: 63
9
GreatSchools Rating

Cox Mill High School

  • Education Level: High
  • # of students: 1,478
  • # of teachers: 76
7
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,198
Property Tax -$364
Property Insurance -$72
HOA -$60
Property Management Fees -$119
CASH FLOW
-$25

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.

$345,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.5%
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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,652

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,858

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7903$1,8004$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 1464 Haverford Road Nw Concord, NC 2
    • 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.74
    •  
  • 1461 Astoria Lane Concord, NC 1
    • 3 beds 3 baths ∙ 2,268 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,268 Sqft ∙ Built 2007
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 9615 Marquette Street Nw Concord, NC 3
    • 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,374 Sqft ∙ Built 2005
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 1570 Bay Meadows Avenue Concord, NC 4
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2007
    property image
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 10874 River Oaks Drive Nw Concord, NC 5
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2008
    property image
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
PROPERTY LISTING DETAILS
Cathleen Staskel
1.704.896.8283
Allen Tate Lake Norman
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3719133
Last Updated: 03/20/2021
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