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17212 Hampton Trace Road Huntersville, NC 28078

4 Beds 3 Baths 2,392 sqft Built 2009

$340,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $142.14
  • 4 Days on Market
  • MLS # : 3719559
  • Updated Date : 03/20/2021 at 14:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,392 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Executive

Listing Agent's Description

Lovingly cared for home with an Impressive Back yard in a Prime Location! This flexible floor plan offers a multitude of options without foregoing the rooms needed by most. The family room could be used as a home office and it opens to the formal DR allowing more possibilities for multiple people who work from home. The kitchen features a breakfast bar and an abundance of cabinet and counter space. It opens to the spacious great room and sunny kitchen. The large master is accentuated with a trey ceiling and adjoins a 5 piece bath with garden tub and separate shower. The upstairs loft is additional flex space. You will be awe stricken when you see the paver patio and fire pit with bench seating in the back yard. It is the ideal place for quiet time and the lush landscaping provides a great deal of privacy while keeping the yard easy to maintain. The ideal location is easily accessible to Huntersville and Cornelius. Enjoy the community pool and playground!

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: Caldwell Station

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Caldwell Station

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
J.v. Washam Elementary School Primary Regular 992 49 8
Bailey Middle School Middle Regular 1,616 77 9
William Amos Hough High School High Regular 2,453 120 8

J.v. Washam Elementary School

  • Education Level: Primary
  • # of students: 992
  • # of teachers: 49
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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,181
Property Tax -$293
Property Insurance -$72
HOA -$48
Property Management Fees -$119
CASH FLOW
$147

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.

$340,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.5%
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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$33,831

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,021

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8603$2,0504$2,1505$2,350
$2,350
RENT COMPS ANALYSIS
  • 17212 Hampton Trace Road Huntersville, NC 2
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.78
    •  
  • 18706 Coachmans Trace Cornelius, NC 1
    • 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,416 Sqft ∙ Built 2003
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 18810 Coachmans Trace Cornelius, NC 3
    • 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 2003
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.82
    •  
  • 17216 Knoxwood Drive Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 2002
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.84
    •  
  • 10224 Willingham Road Huntersville, NC 5
    • 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,470 Sqft ∙ Built 1998
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.95
    •  
PROPERTY LISTING DETAILS
Michael Morgan
1.704.224.6941
Re/max Executive
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3719559
Last Updated: 03/20/2021
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