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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $156.61
- 5 Days on Market
- MLS # : 3693989
- Updated Date : 01/03/2021 at 00:05
CONSTRUCTION
- Beds : 4
- Floor Size : 3,033 sqft
- Baths : 3 full
Listing Agent
Realty One Group Select
Listing Agent's Description
Stunning hard to find ranch in the highly desired Bells Crossing w/ over 3,000 square feet of 1 story living area. Situated on 1.2+ acres, this unique lot offers unlimited privacy w/ no neighbors on either side or across the street. The wooded views will make you feel like you're in the country while still being convenient to everything Mooresville offers. Gourmet kitchen w/ white cabinets, SS appliances, granite counters, walk-in pantry, a contrasting gray island w/ overhang for barstools & tile backsplash. The kitchen flows nicely into a breakfast area & great room, lending to a grand open floor plan. Features 9' tall ceilings throughout w/ tray ceilings in dining, living room & master. Must see master bath! Community Amenities: clubhouse, Jr. Olympic Pool, tennis/basketball courts, walking trails, playgrounds, lake paddlesport launch area, cabana area w/ tables & grills & optional locked boat storage. All within a top rated school district! One of the few lots that can fit a pool.
SEE MORE
- 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
Zip Code: 28117
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28117
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,520 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$194 | |
| Property Insurance | -$84 | |
| HOA | -$100 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$270
|
||
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.
$475,000
PROJECTED PRICE
$2,520
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
9
YEARS SAVED
$67,874
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,520
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,730
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
183 S San Agustin Drive Mooresville, NC 2
- 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,520
- $0.83
-
132 Longleaf Drive Mooresville, NC 1
- 5 beds 4 baths ∙ 2,766 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,766 Sqft ∙ Built 2019
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,350
- $0.85
-
174 Yellow Birch Loop Mooresville, NC 3
- 5 beds 4 baths ∙ 2,910 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,910 Sqft ∙ Built 2020
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,700
- $0.93
PROPERTY LISTING DETAILS
1.704.579.1646
Realty One Group Select
