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14722 Baytown Court 
Huntersville, NC
28078
4 Beds 3 Baths 2,741 sqft
Built 2017
INVESTimate
$382,500
List Price
$107,113
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $139.55
- 10 Days on Market
- MLS # : 3652774
- Updated Date : 08/25/2020 at 09:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,741 sqft
- Baths : 2 full , 1 half
Listing Agent
Select Premium Properties Inc
Listing Agent's Description
Conveniently located in Huntersville, find your new home in Lakemont Commons! Enjoy large home sites with great distance between homes, an open park-like field area, and a community walking trail. This smoke/pet-free home features an open concept kitchen and living area, Granite countertops, Custom backsplash w/Rangehood, SS appliances, Lrg 16 ft pantry, Custom wainscoting, trim, and crown molding throughout the first floor, Plantation shutters and cordless blinds, Hardwood flooring on the main and second level! Finished 2 car garage with mud sink, Tile flooring in bathrooms and laundry room, Huge walk-in closet in master, LED lighting throughout, and ceiling fans in bedrooms. Home water filtration system. Refrigerator and TV mounts convey. Outdoor patio pavers and landscaped trees. Privacy with no neighbors behind your home. Best of all, this lovely home is MOVE-IN READY! $1,000 in closing costs with acceptable offer. Home Warranty Included.
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: Huntersville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntersville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,411 |
| Property Tax | -$307 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$188 | |
|
CASH FLOW
$105
|
||
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.
$382,500
PROJECTED PRICE
$2,090
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 5.42% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,113
LOAN DETAILS
$1,411
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,625 |
| Loan Amount | $286,875 |
6.33
YEARS SAVED
$33,633
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,083
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
14722 Baytown Court Huntersville, NC 3
- 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,090
- $0.76
-
7042 Church Wood Lane Huntersville, NC 1
- 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2006
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LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,795
- $0.70
-
3934 Conner Glenn Drive Huntersville, NC 2
- 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 2004
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LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,995
- $0.75
-
11218 Grenfell Avenue Huntersville, NC 4
- 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2018
![property image]()
LEASED 04/03/20- Rent
- Rent Per SQFT
- $2,100
- $0.79
-
14726 Baytown Court Huntersville, NC 5
- 4 beds 4 baths ∙ 2,937 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,937 Sqft ∙ Built 2017
![property image]()
LEASED 07/09/20- Rent
- Rent Per SQFT
- $2,350
- $0.80
PROPERTY LISTING DETAILS
1.910.795.1821
Select Premium Properties Inc
