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14911 Batteliere Drive Charlotte, NC 28278

5 Beds 4 Baths 2,930 sqft Built 2017

$459,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $156.96
  • 70 Days on Market
  • MLS # : 3678770
  • Updated Date : 11/13/2020 at 17:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,930 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bliss Real Estate Llc

Listing Agent's Description

Charming energy-efficient home in The Meridians with access to the Palisades amenities. This stunning Meritage Home has energy-efficient features that not only save thousands of dollars in utility bills (electricity bill averages only $59 per month) but also creates a very quiet space! This well maintained 2017 home features a spacious kitchen open to the family room for entertaining and five good size bedrooms. Fiber optic ready, security system, irrigation system, HOA maintained lawn, and 6 point advantage Home Team pest defense system. Many extras make this a must see! Community amenities include tennis courts, pool, gym and clubhouse. Close Proximity to Lake Wylie for boating, walking trails at McDowell Nature Preserve, easy access to Charlotte Douglas airport for travel and leisure, short drive to Uptown Charlotte!

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: 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
Palisades Park Elementary School Primary Unknown 687 36 NA
Southwest Middle School Middle Regular 1,403 72 6
Math, Engineering, Technology And Science At Olympic High School High Regular 607 28 7

Palisades Park Elementary School

  • Education Level: Primary
  • # of students: 687
  • # of teachers: 36
NA
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
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,597
Property Tax -$404
Property Insurance -$82
HOA -$211
Property Management Fees -$119
CASH FLOW
-$164

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.

$459,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.49%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$13,374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,447

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2753$2,2954$2,4455$2,450
$2,450
RENT COMPS ANALYSIS
  • 14911 Batteliere Drive Charlotte, NC 1
    • 5 beds 4 baths ∙ 2,930 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,930 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.77
    •  
  • 14500 Murfield Court Charlotte, NC 2
    • 4 beds 4 baths ∙ 2,730 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,730 Sqft ∙ Built 2019
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.83
    •  
  • 9540 Spurwig Court Charlotte, NC 3
    • 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2018
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.80
    •  
  • 14923 Boudins Lane Charlotte, NC 4
    • 5 beds 3 baths ∙ 2,888 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,888 Sqft ∙ Built 2018
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $0.85
    •  
  • 14929 Boudins Lane Charlotte, NC 5
    • 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2018
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
PROPERTY LISTING DETAILS
Leanne Mace
1.803.431.9526
Bliss Real Estate Llc
BESbswy