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14732 Glenduff Place Charlotte, NC 28278

3 Beds 3 Baths 1,948 sqft Built 2014

$345,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $177.10
  • 11 Days on Market
  • MLS # : 3699712
  • Updated Date : 01/25/2021 at 07:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,948 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Ballantyne Area

Listing Agent's Description

Ready for you! This beautiful well maintained one owner 2 story home has the Master Bedroom on the main level; 2 additional bedrooms and a large loft/bonus room on the second level; a 3-car garage - and, it's located in a neighborhood with a community pool! This home features an open flowing floor plan with gleaming wood floors and a gas fireplace; a large kitchen w upscale caramel glazed cabinets, granite countertops, a large island with overhang seating, stainless steel appliances, a dining room area & a sliding glass door to the back patio. The Master Bedroom has a large walk in closet; private bathroom w a garden tub, separate shower & double vanity. Retreat upstairs to the open loft/flex space w additional secondary bedrooms & a full bath (w double vanity, tub/shower combo) all make for a great floor plan! Great location! Convenient to I-77, I-485 and Steele Creek area - lots of retail, restaurants, healthcare and recreation nearby plus just 15 minutes to the Charlotte airport!

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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: Pleasant Hill Road

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $116k346k

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

Neighborhood: Pleasant Hill Road

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441854

* 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
River Gate Elementary School Primary Regular 828 44 7
Southwest Middle School Middle Regular 1,403 72 6
Math, Engineering, Technology And Science At Olympic High School High Regular 607 28 7

River Gate Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 44
7
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 1,403
  • # of teachers: 72
6
GreatSchools Rating

Math, Engineering, Technology And Science At Olympic High School

  • Education Level: High
  • # of students: 607
  • # of teachers: 28
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,198
Property Tax -$301
Property Insurance -$64
HOA -$56
Property Management Fees -$119
CASH FLOW
-$98

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

$1,640

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.2%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 55% 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

4.08

YEARS SAVED

$13,003

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,670

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6403$1,7954$1,8255$1,950
$1,950
RENT COMPS ANALYSIS
  • 14732 Glenduff Place Charlotte, NC 2
    • 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.84
    •  
  • 16716 Prairie Falcon Lane Charlotte, NC 1
    • 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2009
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.89
    •  
  • 16414 Austringer Place Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 2006
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
  • 16530 Falconry Way Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2009
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.85
    •  
  • 10316 Winyah Bay Lane Charlotte, NC 5
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2019
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jane Cross
1.704.608.0228
Keller Williams Ballantyne Area
BESbswy