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

15629 Troubadour Lane Huntersville, NC 28078

3 Beds 3 Baths 2,289 sqft Built 2008

$349,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $152.86
  • 3 Days on Market
  • MLS # : 3705556
  • Updated Date : 02/05/2021 at 08:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,289 sqft
  • Baths : 2 full , 1 half
Listing Agent

Team Scholz Properties Unlimit

Listing Agent's Description

WHEN ONLY THE BEST WILL DO! Meticulously maintained home in sought after Gilead Ridge! Enjoy the Carolina weather all year round on the spacious Southern style front porch! Awesome floorplan thoughtfully designed. Main floor offers oversized family room open to the spacious kitchen and breakfast room. Kitchen has 42 inch raised panel maple cabinets, granite countertops & beautiful tile backsplash; so much counter and cabinet space! Huge formal dining room. Large mud room/laundry room just off the garage! Plus a large home office! Upstairs you will find 2 spacious secondary bedrooms both with great closet space. Spacious Master retreat with walk-in closet and ensuite bath with dual vanities, garden tub and separate shower. Neutral paint throughout! Location does not get any better! Incredible community with pool and clubhouse! Close to schools, shopping, restaurants, Lake Norman, easy access to I-77... the list goes on and on!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Gilead Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Gilead Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441841

* 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
Barnette Elementary School Primary Unknown 640 38 NA
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Barnette Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 38
NA
GreatSchools Rating

Francis Bradley Middle School

  • Education Level: Middle
  • # of students: 1,140
  • # of teachers: 59
6
GreatSchools Rating

Hopewell High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 87
3
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,215
Property Tax -$281
Property Insurance -$70
HOA -$61
Property Management Fees -$119
CASH FLOW
-$67

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.

$349,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,604

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7953$1,8004$1,8255$2,000
$2,000
RENT COMPS ANALYSIS
  • 15629 Troubadour Lane Huntersville, NC 1
    • 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.73
    •  
  • 16943 Hugh Torance Parkway Huntersville, NC 2
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2006
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 6611 Olmsford Drive Huntersville, NC 3
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2005
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 15519 Troubadour Lane Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2007
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.84
    •  
  • 8722 Oakham Street Huntersville, NC 5
    • 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,268 Sqft ∙ Built 1994
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
PROPERTY LISTING DETAILS
Michelle Scholz
1.704.201.4845
Team Scholz Properties Unlimit
BESbswy