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17215 Baldwin Hall Drive Charlotte, NC 28277

5 Beds 3 Baths 2,694 sqft Built 2000

$400,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $148.48
  • MLS # : CAR3758861
  • Updated Date : 07/12/2021 at 23:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,694 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allen Tate Providence @485

Listing Agent's Description

Located in the heart of Ballantyne's desirable Southampton community, this 5 bedroom home has been updated to perfection & is move-in ready for the new owner. Rocking chair front porch welcomes you to the bright open floor plan. New hard surface flooring unites the 2-story foyer, formal dining room, flexible living room/study, great room, breakfast & kitchen. The great room features a fireplace while the chef's kitchen has been updated with quartz counters, white cabinets, new stainless steel appliances & subway tile backsplash. Oversized owner's retreat is completed with an en suite bath & walk-in closet. 3 additional generous bedrooms + huge bonus room/bedroom 5. New carpet throughout the upstairs. Relax or entertain on the patio overlooking the backyard and take advantage of the fantastic side yard. Conveniently located moments from shopping, dining, entertainment & highway access with fantastic school assignments. No detail has been overlooked!

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: 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,389
Property Tax -$365
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$239

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.

$400,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.55%

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$47,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,209

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,1954$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 17215 Baldwin Hall Drive Charlotte, NC 1
    • 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10926 Sedgemoor Lane Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,696 Sqft ∙ Built 2003
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
  • 10938 Sedgemoor Lane Charlotte, NC 3
    • 5 beds 3 baths ∙ 2,696 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,696 Sqft ∙ Built 2003
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
  • 17224 Cambridge Woods Court Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2002
    LEASED 05/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 10930 Sedgemoor Lane Charlotte, NC 5
    • 5 beds 3 baths ∙ 2,705 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,705 Sqft ∙ Built 2003
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jeremy Ordan
1.704.609.9300
Allen Tate Providence @485
BESbswy