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15031 Autumn Sage Drive # 68 
Charlotte, NC
28278
3 Beds 2 Baths 2,243 sqft
Built 2020
INVESTimate
$349,990
List Price
$94,747
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $156.04
- 3 Days on Market
- MLS # : 3654777
- Updated Date : 08/24/2020 at 14:01
CONSTRUCTION
- Beds : 3
- Floor Size : 2,243 sqft
- Baths : 2 full
Listing Agent
Ccnc Realty Group Llc
Listing Agent's Description
Single level living. The Kensington is thoughtfully designed ranch home boasting three bedrooms, one flex room, and two baths. The split bedroom plan offers privacy for all. The owner's suite is tucked away in the back of the home with a spacious bath and walk-in closet. The island kitchen includes stainless steel appliances, a corner pantry and beautiful 42 inch cabinetry open to the living and dining areas.Covered screened back porch. Flex. Two car garages with storage. Laundry room with additional storage.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pleasant Hill Road
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$289 | |
| Property Insurance | -$69 | |
| HOA | -$50 | |
| Property Management Fees | -$162 | |
|
CASH FLOW
-$62
|
||
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.
$349,990
PROJECTED PRICE
$1,800
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.19% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,747
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,498 |
| Loan Amount | $262,493 |
3.75
YEARS SAVED
$14,965
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,845
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
15031 Autumn Sage Drive Charlotte, NC 3
- 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,800
- $0.80
-
14712 Glenduff Place Charlotte, NC 1
- 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,214 Sqft ∙ Built 2011
LEASED 03/26/19- Rent
- Rent Per SQFT
- $1,745
- $0.79
-
16019 Long Talon Way Charlotte, NC 2
- 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006
LEASED 08/22/20- Rent
- Rent Per SQFT
- $1,795
- $0.79
-
16530 Falconry Way Charlotte, NC 4
- 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2009
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,825
- $0.85
-
10316 Winyah Bay Lane Charlotte, NC 5
- 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2019
LEASED 08/19/19- Rent
- Rent Per SQFT
- $1,950
- $0.86
PROPERTY LISTING DETAILS
1.980.406.8862
Ccnc Realty Group Llc
