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15727 Foreleigh Road Huntersville, NC 28078

4 Beds 3 Baths 2,601 sqft Built 2014

$385,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $148.02
  • 3 Days on Market
  • MLS # : 3712768
  • Updated Date : 03/13/2021 at 12:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,601 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

This Buxton model checks all the boxes! This home is maticulously maintained with to many upgrades to list. Extremely clean with 4 bedrooms plus an office it gives you plenty of space to spread out. Brand NEW engineered wood floors throughout the main floor installed 2020 make the rooms flow nicely. Open living and kitchen ensures your party will be a hit. The chef style kitchen features dreamy white kitchen with tile backsplash, granite counter-tops, stainless steel appliances and bar area that opens up to the great room. Pass through butlers pantry between the kitchen and formal dining offer a great place for a coffee station, wet bar or extra storage. Conveniently located off the kitchen is the deck and large back yard. Amazing 12x17 shed for extra storage in large yard. Upstairs you will find large master suite with neutral decor, vaulted ceilings and beautiful master bath. The bath has large oversized shower, dual sinks and tile flooring. Very quick walk to the neighborhood pool!

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: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Huntersville

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
Barnette Elementary School Primary Unknown 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:
  • # of teachers:
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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,337
Property Tax -$309
Property Insurance -$76
HOA -$55
Property Management Fees -$119
CASH FLOW
-$6

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.

$385,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$22,558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7953$1,8904$2,1005$2,350
$2,350
RENT COMPS ANALYSIS
  • 15727 Foreleigh Road Huntersville, NC 3
    • 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.73
    •  
  • 3502 Barnstable Drive Huntersville, NC 1
    • 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,508 Sqft ∙ Built 2004
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.70
    •  
  • 7042 Church Wood Lane Huntersville, NC 2
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2006
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.70
    •  
  • 11218 Grenfell Avenue Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2018
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 14726 Baytown Court Huntersville, NC 5
    • 4 beds 4 baths ∙ 2,937 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,937 Sqft ∙ Built 2017
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.80
    •  
PROPERTY LISTING DETAILS
Lauren Rocco
1.704.900.9140
Exp Realty Llc
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3712768
Last Updated: 03/13/2021
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