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15035 Autumn Sage Drive # 67 Charlotte, NC 28278

4 Beds 3 Baths 2,673 sqft Built 2020

INVESTimate

$372,292

List Price

$2,110

$1,899 - $2,321

Rent Est.

$395,337  ( +6.19%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $139.28
  • 3 Days on Market
  • MLS # : 3653484
  • Updated Date : 08/24/2020 at 13:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,673 sqft
  • Baths : 3 full
Listing Agent

Ccnc Realty Group Llc

Listing Agent's Description

Open Daffodil plan boasting open concept living. Large kitchen with granite counter tops, island perfect for entertaining, and plentiful 42 inch cabinetry. Owner's pantry off the kitchen. Great room anchored by a gas fireplace with a mantle. Main level bedroom and full bathroom. Second level owner's suite with dual vanities and spacious walk in closet. Loft and two additional Secondary bedrooms upstairs offer tremendous storage with ample closets. Second level laundry. Additional full bath upstairs and plentiful natural light throughout.

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: 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
 

$335,063$409,521$372,292

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,374
Property Tax -$307
Property Insurance -$77
HOA -$50
Property Management Fees -$190
CASH FLOW
$112

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.

$372,292

PROJECTED PRICE

$2,110

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$100,657

INVESTMENT

$100,657

Down Payment
$93,073
Rehab Estimate
$2,000
Closing Costs
$5,584

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,374

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,073
Loan Amount $279,219
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$33,668

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,138

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,1104$2,2505$2,295
$2,295
RENT COMPS ANALYSIS
  • 15035 Autumn Sage Drive Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,673 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.79
    •  
  • 13409 Highflyer Woods Lane Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 2015
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
  • 10322 Winyah Bay Lane Charlotte, NC 2
    • 5 beds 4 baths ∙ 2,668 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,668 Sqft ∙ Built 2019
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.77
    •  
  • 14611 Murfield Court Charlotte, NC 4
    • 4 beds 4 baths ∙ 2,730 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,730 Sqft ∙ Built 2019
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.82
    •  
  • 17208 Belmont Stakes Lane Charlotte, NC 5
    • 5 beds 4 baths ∙ 2,650 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,650 Sqft ∙ Built 2016
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
PROPERTY LISTING DETAILS
Suzanne Bedwan
1.980.406.8862
Ccnc Realty Group Llc
BESbswy