Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14943 Long Bow Lane Huntersville, NC 28078

5 Beds 3 Baths 3,209 sqft Built 2000

$425,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $132.44
  • 5 Days on Market
  • MLS # : 3714845
  • Updated Date : 03/18/2021 at 14:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,209 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

MASTER DOWN BRICK FRONT home in Stephens Grove ! Home is situated on a quiet cul de sac street & a short walk from community amenities. 5 Bdrms, 2.5 bath w/formal dining, office & 2 story great room. Open floorplan w/tons of natural light! Wood flooring throughout most of the main level. Spacious kitchen features SS appliances, wall oven/microwave/ and white cabinets -Master on main w/bay window featuring NEW (2020) LVP flooring! Master bath offers his/her vanities, walk in shower & generous walk in closet! Step outdoors and enjoy your private .40 acre homesite w/deck & fenced yard! Community offers clubhouse/swimming pool/tennis court/basketball court! HVAC (2019) SS Appliances (2020) Repainted Kitchen cabinets (2018) Kitchen Island Air Stone Detail (2018) Repainted secondary bathroom cabinets w/hardware & light fixtures (2019) Repainted entire home (2018) except for dining room. Smart thermostat (2018) Garage Door Opener (2021). BEST AND FINAL OFFER DEADLINE 3/21/2021 SUNDAY 5 P.M.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

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

Barnette Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,476
Property Tax -$341
Property Insurance -$88
HOA -$55
Property Management Fees -$119
CASH FLOW
$111

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.

$425,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.4%
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$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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$35,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,030

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$2,0253$2,1504$2,1505$2,190
$2,190
RENT COMPS ANALYSIS
  • 14943 Long Bow Lane Huntersville, NC 5
    • 5 beds 3 baths ∙ 3,209 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,209 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.68
    •  
  • 15614 Carrington Ridge Drive Huntersville, NC 1
    • 5 beds 4 baths ∙ 2,882 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,882 Sqft ∙ Built 2003
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.61
    •  
  • 14511 Maclauren Lane Huntersville, NC 2
    • 6 beds 3 baths ∙ 3,215 Sqft ∙ Built 2001 6 beds 3 baths ∙ 3,215 Sqft ∙ Built 2001
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.63
    •  
  • 10730 Charmont Place Huntersville, NC 3
    • 5 beds 4 baths ∙ 3,252 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,252 Sqft ∙ Built 2016
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.66
    •  
  • 9115 Rayneridge Drive Huntersville, NC 4
    • 4 beds 4 baths ∙ 3,495 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,495 Sqft ∙ Built 2011
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.62
    •  
PROPERTY LISTING DETAILS
Shelley Johnson
1.704.609.8077
Exp Realty Llc
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3714845
Last Updated: 03/18/2021
BESbswy