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15010 Autumn Sage Drive #66 Charlotte, NC 28278

4 Beds 3 Baths 2,929 sqft Built 2020

$396,004

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $135.20
  • 5 Days on Market
  • MLS # : 3691884
  • Updated Date : 12/16/2020 at 16:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,929 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ccnc Realty Group Llc

Listing Agent's Description

Open Gardenia plan boasting open concept living. Large kitchen with granite counter tops, island perfect for entertaining, and plentiful 42 inch cabinetry. Great room anchored with gas fireplace. Office on main. Second level owner's suite with dual vanities and spacious, soaking tub and walk in closet. Three additional Secondary bedrooms upstairs offer tremendous storage with ample closets. Second level laundry and huge loft area. Plentiful natural light throughout. This home with a LARGE THREE CAR GARAGE is a MUST SEE!!!!

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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: 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
 

$356,404$435,604$396,004

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,461
Property Tax -$327
Property Insurance -$82
HOA -$50
Property Management Fees -$119
CASH FLOW
-$89

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$396,004

PROJECTED PRICE

$1,950

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,941

INVESTMENT

$106,941

Down Payment
$99,001
Rehab Estimate
$2,000
Closing Costs
$5,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,461

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,001
Loan Amount $297,003
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$20,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,006

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0453$2,0454$2,0455$2,050
$2,050
RENT COMPS ANALYSIS
  • 15010 Autumn Sage Drive Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,929 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
  • 17029 Belmont Stakes Lane Charlotte, NC 2
    • 5 beds 4 baths ∙ 3,115 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,115 Sqft ∙ Built 2015
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.66
    •  
  • 15105 Cavanshire Trail Charlotte, NC 3
    • 5 beds 3 baths ∙ 3,020 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,020 Sqft ∙ Built 2010
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.68
    •  
  • 16215 Long Talon Way Charlotte, NC 4
    • 5 beds 4 baths ∙ 2,942 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,942 Sqft ∙ Built 2006
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.70
    •  
  • 12508 Hunting Birds Lane Charlotte, NC 5
    • 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,953 Sqft ∙ Built 2011
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.69
    •  
PROPERTY LISTING DETAILS
Suzanne Bedwan
1.980.406.8862
Ccnc Realty Group Llc
BESbswy