Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $134.81
- 2 Days on Market
- MLS # : 3701392
- Updated Date : 01/23/2021 at 12:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,114 sqft
- Baths : 2 full , 1 half
Listing Agent
Nvr Homes, Inc./ryan Homes
Listing Agent's Description
If you're looking for a new, low-maintenance home in Union County for an excellent value, Cottage Green is for you! Say goodbye to yard work and landscaping, lawn maintenance is included.The Ballenger gives you just the right amount of space, but over-delivers on flexibility. Enter the home open to a flex space. The kitchen comes with a huge modern island, & flows neatly into the dining area & large family room. It’s a great way to stay in the conversation while making dinner for family or friends. Upstairs, the owner’s bedroom has two separate closets, so there’s no tug-of-war over wardrobe space. You can have four bedrooms, or turn one into a loft, for a welcoming, second-floor living space. However many bedrooms you have, getting dirty clothes out of them is easy with an upstairs laundry room! Looking for that “just right” home? The Ballenger might just be your best bet. Yards come fully sodded and are maintained in the community!
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: 28112
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28112
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$147 | |
| Property Insurance | -$67 | |
| HOA | -$120 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$2
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$284,990
PROJECTED PRICE
$1,440
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.57% |
| 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
$77,522
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,248 |
| Loan Amount | $213,743 |
5.08
YEARS SAVED
$14,545
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,469
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
1945 Slippery Rock Lane Monroe, NC 2
- 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,440
- $0.68
-
1743 Lesa Lin Drive Monroe, NC 1
- 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1990
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,395
- $0.70
-
1838 Roosevelt Boulevard Monroe, NC 3
- 5 beds 4 baths ∙ 2,400 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,400 Sqft ∙ Built 2003
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,800
- $0.75
PROPERTY LISTING DETAILS
1.704.610.5282
Nvr Homes, Inc./ryan Homes
