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1924 Links Lane Matthews, NC 28104

5 Beds 3 Baths 3,240 sqft Built 2001

$460,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $141.98
  • 4 Days on Market
  • MLS # : 3702211
  • Updated Date : 02/06/2021 at 10:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,240 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

LOOKING FOR A GOLF COURSE HOME W/ THE PERFECT FLOOR PLAN? HERE IT IS!! Beautiful & well maintained 1.5 story custom full-brick home on Emerald Lake golf course. Owner's suite on main level as well as a guest/in-law suite on opposite side of the main floor. HW floors on the main w/ carpet in bedrooms & tile floors in the baths. All carpet in the home is brand new. Upstairs are 2 bedrooms w/ walk-in closets plus a large 3rd bedroom/Bonus Room w/ eaves storage (w/full size access doors). 2-story foyer w/large palladium window. All new SS appliances (2020) in KIT & new beautiful quartz countertops. Custom cabinetry & gas cooktop. Open to 2-story great room w/ gas fireplace w/ tile surround - French doors on either side open to a lovely sunroom w/ door leading to terrace w/ view of the golf course. 3-car garage w/ workbench & shelves that will convey. Enjoy dinner w/ neighbors & friends at the Lake View Grill & Tavern at the clubhouse. Great home & neighborhood!!

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: Emerald Lake

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $118k467k

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

Neighborhood: Emerald Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $8442557

* 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
Stallings Elementary School Primary Regular 576 32 9
Porter Ridge Middle School Middle Regular 1,385 72 7
Porter Ridge High School High Regular 1,591 77 7

Stallings Elementary School

  • Education Level: Primary
  • # of students: 576
  • # of teachers: 32
9
GreatSchools Rating

Porter Ridge Middle School

  • Education Level: Middle
  • # of students: 1,385
  • # of teachers: 72
7
GreatSchools Rating

Porter Ridge High School

  • Education Level: High
  • # of students: 1,591
  • # of teachers: 77
7
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,598
Property Tax -$311
Property Insurance -$88
HOA -$17
Property Management Fees -$119
CASH FLOW
$128

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.

$460,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 1.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$40,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.54

    COMP AVG. RENT PER SQFT
Comps Range
$1,698
1$1,6982$2,260
$2,260
RENT COMPS ANALYSIS
  • 1924 Links Lane Matthews, NC 2
    • 5 beds 3 baths ∙ 3,240 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,240 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.70
    •  
  • 2009 City Lights Drive Indian Trail, NC 1
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2007
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,698
    • $0.54
    •  
PROPERTY LISTING DETAILS
Cindy Belcher
1.704.993.1362
Coldwell Banker Realty
BESbswy