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14853 Charterhouse Lane Huntersville, NC 28078

4 Beds 3 Baths 3,633 sqft Built 1989

$450,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $123.86
  • 4 Days on Market
  • MLS # : 3720113
  • Updated Date : 03/26/2021 at 12:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,633 sqft
  • Baths : 2 full , 1 half
Listing Agent

Puma & Associates Realty, Inc.

Listing Agent's Description

Must see home in Wynfield! Charming curb appeal w/ mature trees on cul-de-sac lot! Sought after open floor plan w/ wood floors & crown molding throughout the main level! Welcoming foyer leads to living room w/ French doors & tons of natural light. Formal dining room is perfect entertaining. Kitchen w/ granite counters, center island, stainless steel appliances & lots of cabinet space. Sunny breakfast area overlooks the backyard! Great room w/ wet bar, built ins & fireplace. Elegant owner's retreat w/ sitting room & 2 walk in closets. En-suite bath w/ dual vanities, tile shower & separate soaking tub. Spacious secondary bedrooms & bathrooms complete 2nd floor! 3rd level w/ office & flex space! Peaceful & private fenced backyard w/ gazebo & deck; perfect for grilling & relaxing! Community features include club house, pool, playground & tennis courts! Great Huntersville location, close to schools, parks, restaurants & shopping! Minutes to Lake Norman & Birkdale! Easy access to I-77.

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: Wynfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $118k585k

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

Neighborhood: Wynfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $8442955

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,563
Property Tax -$361
Property Insurance -$96
HOA -$68
Property Management Fees -$119
CASH FLOW
$83

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.

$450,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.36%
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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$36,504

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,316

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,2904$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 14853 Charterhouse Lane Huntersville, NC 3
    • 4 beds 4 baths ∙ 3,633 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,633 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.63
    •  
  • 9115 Rayneridge Drive Huntersville, NC 1
    • 4 beds 4 baths ∙ 3,495 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,495 Sqft ∙ Built 2011
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.62
    •  
  • 7509 Chaddsley Drive Huntersville, NC 2
    • 5 beds 3 baths ∙ 3,900 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,900 Sqft ∙ Built 2006
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.56
    •  
  • 8224 Cottsbrooke Drive Huntersville, NC 4
    • 5 beds 3 baths ∙ 3,822 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,822 Sqft ∙ Built 2006
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.65
    •  
  • 8112 Bramfield Drive Huntersville, NC 5
    • 5 beds 3 baths ∙ 3,509 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,509 Sqft ∙ Built 2013
    property image
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
PROPERTY LISTING DETAILS
Phil Puma
1.704.290.4612
Puma & Associates Realty, Inc.
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3720113
Last Updated: 03/26/2021
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