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

15924 Circlegreen Drive Charlotte, NC 28273

4 Beds 3 Baths 2,432 sqft Built 2003

$330,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $135.69
  • 4 Days on Market
  • MLS # : 3712438
  • Updated Date : 02/27/2021 at 19:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

OPEN HOUSE SATURDAY 1-4. Due to covid and a high risk family member, no minors will be allowed into the home. Gloves, masks and booties. You must show pre-approval for purchase to view home. Welcome Home! This beautifully maintained 4 bedroom, 2.5 bathroom home in the highly sought after Steele Creek area in the Hamilton Green Subdivision has been updated and upgraded throughout and is move-in ready! First floor master suite with private bath and walk-in closet. Entertain upstairs in the bonus room, in the open concept family room, or simply step onto the oversized deck off of the kitchen and relax while overlooking a beautifully maintained level, fenced yard. This home features quartzite countertops, stainless steel appliances, and luxury vinyl plank floors in the kitchen and family room. Community includes walking trails, sidewalks and swimming pool as well as a play area! This home will not last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Yorkshire

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $103k318k

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

Neighborhood: Yorkshire

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
River Gate Elementary School Primary Regular 828 44 7
Southwest Middle School Middle Regular 1,403 72 6
Math, Engineering, Technology And Science At Olympic High School High Regular 607 28 7

River Gate Elementary School

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 44
7
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,146
Property Tax -$288
Property Insurance -$73
HOA -$162
Property Management Fees -$119
CASH FLOW
-$68

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.

$330,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 7.2%
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

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,749

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,7004$1,7205$1,875
$1,875
RENT COMPS ANALYSIS
  • 15924 Circlegreen Drive Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.71
    •  
  • 16211 Long Talon Way Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,295 Sqft ∙ Built 2006
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.73
    •  
  • 12320 Hunting Birds Lane Charlotte, NC 2
    • 3 beds 3 baths ∙ 2,534 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,534 Sqft ∙ Built 2006
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
  • 16019 Long Talon Way Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2006
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.75
    •  
  • 16015 Falling Meadows Lane Charlotte, NC 5
    • 5 beds 3 baths ∙ 2,590 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,590 Sqft ∙ Built 2002
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.72
    •  
PROPERTY LISTING DETAILS
Jamie Dunnavant
1.704.224.0910
Coldwell Banker Realty
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3712438
Last Updated: 02/27/2021
BESbswy