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16126 Amber Field Drive Huntersville, NC 28078

3 Beds 2 Baths 1,358 sqft Built 1996

$269,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $198.75
  • 2 Days on Market
  • MLS # : 3680734
  • Updated Date : 12/19/2020 at 15:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,358 sqft
  • Baths : 2 full
Listing Agent

Premier South

Listing Agent's Description

Must see ranch in Harvest Pointe! Great curb appeal with fully fenced backyard, mature trees, and oversized storage shed with electricity! Sought after one story living w/ open floor plan and plenty of updates! Move in ready. Open entryway leads to great room w/ vaulted ceiling & ceiling fan. Eat in kitchen with stainless steel appliances, lots of cabinet space and pantry! Owner’s suite with large closet & updated bathroom with granite countertop. Spacious secondary bedrooms, bathroom & laundry complete the home. Large deck is perfect for grilling and entertaining! House backs up to North Mecklenburg Park and has its own bridge/pathway leading to the mountain bike/hiking trails. No HOA! North Meck Park offers baseball fields, soccer fields, basketball courts, playgrounds & bike paths. Great Huntersville location! Close to schools, restaurants and shopping! Minutes to Birkdale Village. Easy access to I-77.

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
Huntersville Elementary School Primary Regular 729 42 8
Bailey Middle School Middle Regular 1,616 77 9
William Amos Hough High School High Regular 2,453 120 8

Huntersville Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 42
8
GreatSchools Rating

Bailey Middle School

  • Education Level: Middle
  • # of students: 1,616
  • # of teachers: 77
9
GreatSchools Rating

William Amos Hough High School

  • Education Level: High
  • # of students: 2,453
  • # of teachers: 120
8
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$996
Property Tax -$223
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
-$11

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.

$269,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.51%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,389

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,4503$1,6004$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 16126 Amber Field Drive Huntersville, NC 1
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.02
    •  
  • 16518 Amber Field Drive Huntersville, NC 2
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1995
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 13506 Melrose Meadow Lane Huntersville, NC 3
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1997
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 16626 Spruell Street Huntersville, NC 4
    • 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2004
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 14231 Holly Springs Drive Huntersville, NC 5
    • 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,699 Sqft ∙ Built 2011
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
Brandon Farmer
1.704.975.7848
Premier South
BESbswy