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15010 Cane Field Drive Charlotte, NC 28273

3 Beds 2 Baths 1,618 sqft Built 1997

$268,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $165.64
  • 3 Days on Market
  • MLS # : 3682325
  • Updated Date : 11/13/2020 at 18:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,618 sqft
  • Baths : 2 full
Listing Agent

Allen Tate Rock Hill

Listing Agent's Description

Home is warmth, comfort and a welcoming ambiance for all those that visit! This is Home!  Nestled on almost a 1/4 acre with great landscaping that showcases this ranch home with style!  Inside you'll be impressed with over 1600 sq ft and an open floor plan where you can entertain and dine!  The primary suite with trey ceiling provides ample spacing for even a sitting area and large private bath with dual sinks!   Other bedrooms are good size with room for desk area, play area or even a quiet reading nook.  With warmer fall temperatures right now, there's still plenty of time to enjoy the large deck for afternoon barbecues or evening conversations by starlight!  2 car attached garage and storage shed adds the finishing touches to the many reasons you will want to call this yours today!

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: Yorkshire

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $103k318k

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

Neighborhood: Yorkshire

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
River Gate Elementary School Primary Regular 828 44 7
Southwest Middle School Middle Regular 1,403 72 6
Math, Engineering, Technology And Science At Olympic High School High Regular 607 28 7

River Gate Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 44
7
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
 

$241,200$294,800$268,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$989
Property Tax -$235
Property Insurance -$58
HOA -$15
Property Management Fees -$133
CASH FLOW
$51

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.

$268,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 7.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,770

INVESTMENT

$76,770

Down Payment
$67,000
Rehab Estimate
$5,750
Closing Costs
$4,020

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,000
Loan Amount $201,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$20,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,4803$1,4954$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 15010 Cane Field Drive Charlotte, NC 2
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.91
    •  
  • 14410 Cinnamon Field Road Charlotte, NC 1
    • 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 1995
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.90
    •  
  • 14205 Carriage Lake Drive Charlotte, NC 3
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1994
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 15007 Rolling Sky Drive Charlotte, NC 4
    • 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,630 Sqft ∙ Built 1996
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 13132 Canterbury Castle Drive Charlotte, NC 5
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 2017
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Josh Boyd
1.803.371.4528
Allen Tate Rock Hill
BESbswy