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

15016 Wyndham Oaks Drive Charlotte, NC 28277

5 Beds 3 Baths 2,461 sqft Built 1991

$475,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $193.01
  • 4 Days on Market
  • MLS # : 3707507
  • Updated Date : 02/12/2021 at 14:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,461 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Mountain View

Listing Agent's Description

Gorgeous five bedroom home in established Wyndham Subdivision. This beautiful home features a stunning kitchen, with granite countertops, stainless appliances, island and a large wet bar for entertaining. The main floor continues with a office, formal dining room, casual dining area, and a large living room with a wood burning fireplace. Walk out from the living room and into a lovely screened porch which overlooks the serene backyard. The upstairs has all new carpet and features the master bedroom with tray ceiling, a walk-in closet and a large bathroom with a dual sink vanity, garden tub and tiled shower. The upstairs continues with a full bathroom and four more bedrooms. The basement has tiles flooring, built-ins, the laundry room and walks out into the two stall garage. The backyard features a custom built garden with six 22' x 4' beds. The home also includes a lawn irrigation system, a tankless water heater, a fire pit and large back deck.

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: Ballantyne East

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $116k438k

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

Neighborhood: Ballantyne East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $8442519

* 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
Hawk Ridge Elementary School Primary Regular 881 49 9
Community House Middle School Middle Regular 1,750 81 9
Ardrey Kell High School High Regular 2,701 127 9

Hawk Ridge Elementary School

  • Education Level: Primary
  • # of students: 881
  • # of teachers: 49
9
GreatSchools Rating

Community House Middle School

  • Education Level: Middle
  • # of students: 1,750
  • # of teachers: 81
9
GreatSchools Rating

Ardrey Kell High School

  • Education Level: High
  • # of students: 2,701
  • # of teachers: 127
9
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,650
Property Tax -$418
Property Insurance -$73
HOA -$17
Property Management Fees -$119
CASH FLOW
$173

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.

$475,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.7%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$45,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,406

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,2504$2,4505$2,595
$2,595
RENT COMPS ANALYSIS
  • 15016 Wyndham Oaks Drive Charlotte, NC 4
    • 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.00
    •  
  • 9530 Oswald Lane Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2005
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 16211 Frostwatch Circle Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,306 Sqft ∙ Built 2016
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.98
    •  
  • 11120 Maplehurst Drive Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,442 Sqft ∙ Built 2004
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
  • 13023 Oakhaven Glen Lane Charlotte, NC 5
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2018
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.03
    •  
PROPERTY LISTING DETAILS
Travis Repman
1.980.267.0052
Coldwell Banker Mountain View
BESbswy