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17126 Cambridge Woods Court Charlotte, NC 28277

4 Beds 3 Baths 2,658 sqft Built 2001

$399,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $150.11
  • 16 Days on Market
  • MLS # : 3690823
  • Updated Date : 12/23/2020 at 00:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,658 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wilkinson Era Real Estate

Listing Agent's Description

Desirable south Charlotte community convenient to shopping, restaurants, entertainment, parks, and Ballantyne Country Club. Relax next summer on the extended patio, screened porch or pool in the private back yard. Open concept living/kitchen plus formal dining. Adjacent to breakfast nook the keeping/morning room is ideal for school/work. Bonus/5th bedroom with closet & door. Hardwood flooring, functional floorplan with a lot of storage.

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: Southampton

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $116k329k

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

Neighborhood: Southampton

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441882

* 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
Elon Park Elementary School Primary Regular 1,115 62 9
Community House Middle School Middle Regular 1,750 81 9
Ardrey Kell High School High Regular 2,701 127 9

Elon Park Elementary School

  • Education Level: Primary
  • # of students: 1,115
  • # of teachers: 62
9
GreatSchools Rating

Community House Middle School

  • Education Level: Middle
  • # of students: 1,750
  • # of teachers: 81
9
GreatSchools Rating

Ardrey Kell High School

  • Education Level: High
  • # of students: 2,701
  • # of teachers: 127
9
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,472
Property Tax -$390
Property Insurance -$77
HOA -$44
Property Management Fees -$119
CASH FLOW
$48

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.

$399,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.8%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$33,477

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,160

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1503$2,1504$2,2505$2,265
$2,265
RENT COMPS ANALYSIS
  • 17126 Cambridge Woods Court Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
  • 17224 Cambridge Woods Court Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2002
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.72
    •  
  • 11008 Sedgemoor Lane Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2002
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 10803 Chamberlain Hall Court Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2001
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.85
    •  
  • 17307 Commons Crossing Drive Charlotte, NC 5
    • 5 beds 3 baths ∙ 2,698 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,698 Sqft ∙ Built 1999
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,265
    • $0.84
    •  
PROPERTY LISTING DETAILS
Maura Goldberg
1.704.622.8001
Wilkinson Era Real Estate
BESbswy