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14916 Carbert Lane Huntersville, NC 28078

5 Beds 3 Baths 2,758 sqft Built 2002

$354,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $128.68
  • 4 Days on Market
  • MLS # : 3671494
  • Updated Date : 11/07/2020 at 10:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,758 sqft
  • Baths : 3 full
Listing Agent

Puma & Associates Realty, Inc.

Listing Agent's Description

Must see home in Macaulay! Great curb appeal w/ wrap-around porch & view of the park across the street! Sought after open floor plan w/ guest suite on main, tons of upgrades, beautiful hardwoods & lots of natural light. Formal dining room w/ crown molding & updated light fixture. Farmhouse kitchen w/ granite counters, shiplap center island, stainless steel appliances, pantry, computer niche & breakfast area! 2 story great room w/ gas log fireplace, balcony & tons of windows! Elegant owner's retreat w/ tray ceiling & walk in closet. En-suite bath w/ dual vanities, granite counters, tile shower & separate soaking tub. Spacious secondary bedrooms, giant bonus room & bath complete the 2nd floor! Peaceful & private backyard w/ mature trees. Patio is perfect for grilling & entertaining! Amenities include swimming pool, tennis & pickleball court, fishing pond, & playgrounds. Great Huntersville location close to schools, restaurants & shopping! Easy access to I-77 & Lake Norman!

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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: Macaulay

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $118k420k

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

Neighborhood: Macaulay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $8442328

* 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
Grand Oak Elementary School Primary Unknown 601 36 NA
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Grand Oak Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 36
NA
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
 

$319,410$390,390$354,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,309
Property Tax -$318
Property Insurance -$79
HOA -$50
Property Management Fees -$198
CASH FLOW
$245

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.

$354,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.0%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$46,112

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,200

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1953$2,2004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 14916 Carbert Lane Huntersville, NC 4
    • 5 beds 3 baths ∙ 2,758 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,758 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 15642 Seafield Lane Huntersville, NC 1
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 2004
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.72
    •  
  • 8934 Lizzie Lane Huntersville, NC 2
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1996
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
  • 14226 Harvington Drive Huntersville, NC 3
    • 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,768 Sqft ∙ Built 2005
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 9033 Pennyhill Drive Huntersville, NC 5
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1989
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
PROPERTY LISTING DETAILS
Phil Puma
1.704.375.2495
Puma & Associates Realty, Inc.
BESbswy