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16101 Youngblood Road Charlotte, NC 28278

4 Beds 4 Baths 2,748 sqft Built 1964

$389,995

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $141.92
  • 16 Days on Market
  • MLS # : 3703297
  • Updated Date : 02/11/2021 at 09:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,748 sqft
  • Baths : 4 full
Listing Agent

Better Homes And Gardens Real Estate Paracle

Listing Agent's Description

LOVELY Brick Ranch with 1.24 Acres! New HVAC 2019. NO HOA! Rocking Chair Front Porch. Recently Updated Bathrooms. Hardwoods throughout most of home! Possible 2 masters. 4 full baths. Enormous bonus room could be a separate suite area with its own entrance! Open plan. Meticulously maintained. Huge back deck for entertaining! Close to shopping, entertainment and lake access. Easy to Show!

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
 

$350,996$428,995$389,995

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,355
Property Tax -$340
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
$188

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.

$389,995

PROJECTED PRICE

$2,080

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.2%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$109,099

INVESTMENT

$109,099

Down Payment
$97,499
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,499
Loan Amount $292,496
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$41,697

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,350

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,080
1$2,0802$2,2453$2,2954$2,4455$2,450
$2,450
RENT COMPS ANALYSIS
  • 16101 Youngblood Road Charlotte, NC 1
    • 4 beds 4 baths ∙ 2,748 Sqft ∙ Built 1964 4 beds 4 baths ∙ 2,748 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.76
    •  
  • 8708 Sagekirk Court Charlotte, NC 2
    • 5 beds 3 baths ∙ 2,675 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,675 Sqft ∙ Built 2010
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.84
    •  
  • 17208 Belmont Stakes Lane Charlotte, NC 3
    • 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
    •  
  • 14923 Boudins Lane Charlotte, NC 4
    • 5 beds 3 baths ∙ 2,888 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,888 Sqft ∙ Built 2018
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $0.85
    •  
  • 14929 Boudins Lane Charlotte, NC 5
    • 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,862 Sqft ∙ Built 2018
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
PROPERTY LISTING DETAILS
Chad Jochens
1.704.615.2489
Better Homes And Gardens Real Estate Paracle
BESbswy