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14941 Aven Creek Court Charlotte, NC 28273

5 Beds 3 Baths 2,352 sqft Built 2003

$299,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $127.13
  • 3 Days on Market
  • MLS # : 3702807
  • Updated Date : 01/30/2021 at 12:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,352 sqft
  • Baths : 3 full
Listing Agent

Highgarden Real Estate

Listing Agent's Description

Beautiful 5 bedroom home in Steele Creek with 3 full bathrooms on large cul-de-sac lot. Home includes downstairs bedroom with full bathroom, formal living room, eat-in kitchen and spacious Family Room. Upstairs boasts oversized Master Bedroom with plenty of room for seating and walk-in master closet. Generously sized secondary bedrooms offer endless possibilities. Large laundry area with room for storage. New HVAC installed this year (2021) Terrific Steele Creek location with neighborhood pool, large covered cabana, playground, and walking trail. Easy access to I-77 and I-485, Lake Wylie and Carowinds. Shopping and restaurants such as Rivergate Shopping Center and movie theaters at Arsley are just moments away.

SEE MORE

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: Brown Road

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $100k235k

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

Neighborhood: Brown Road

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8421716

* 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
Lake Wylie Elementary School Primary Regular 632 39 6
Southwest Middle School Middle Regular 1,403 72 6
Math, Engineering, Technology And Science At Olympic High School High Regular 607 28 7

Lake Wylie Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 39
6
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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,039
Property Tax -$272
Property Insurance -$71
HOA -$41
Property Management Fees -$119
CASH FLOW
$218

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$299,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.57%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$34,768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,782

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6953$1,7354$1,7455$1,760
$1,760
RENT COMPS ANALYSIS
  • 14941 Aven Creek Court Charlotte, NC 5
    • 5 beds 3 baths ∙ 2,352 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,352 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.75
    •  
  • 12813 Settlers Trail Court Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2009
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.74
    •  
  • 13528 Armour Ridge Drive Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2003
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 14708 Asheton Creek Drive Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.76
    •  
  • 14320 Asheton Creek Drive Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,201 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,201 Sqft ∙ Built 2003
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.79
    •  
PROPERTY LISTING DETAILS
Regina Harry
1.704.458.7594
Highgarden Real Estate
BESbswy