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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $186.71
- 5 Days on Market
- MLS # : 3688273
- Updated Date : 12/12/2020 at 12:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,655 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Huntersville
Listing Agent's Description
Such a rare find! Located in Shepherds Vineyard, in the heart of Huntersville minutes to I77, Birkdale Village & lots of shopping/dining options. 4-car garage, completely updated home, huge fenced corner lot & so much more! Big living rm w/built-in shelving & cabinets, opens to amazing outdoor area w/deck for grilling & big, screened-in porch (or sports den!) & extended patio- perfect for entertaining. Formal office w/built-in shelving & French doors. 3 quarter inch Rosewood hardwoods. Gorgeous updated kitchen w/built-in pantry, quartz counters, farmhouse sink, tile backsplash, rolling island, microwave/convection, wall oven & 2nd stainless steel oven! Beautiful, sunny owner's suite w/vaulted ceiling, remodeled bath w/modern double vanity, step-in shower w/glass door & built-in pantry for extra storage. Large secondary bedrms, all new carpet up & remodeled guest bath. Attached two-car & detached two-car garage. Storage shed too! Siding, windows & hvac less than 3 years old, newer roof.
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
Neighborhood: Huntersville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntersville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,140 |
| Property Tax | -$248 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$84
|
||
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.
$309,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 5.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$87,635
LOAN DETAILS
$1,140
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,250 |
| Loan Amount | $231,750 |
7.33
YEARS SAVED
$32,617
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,676
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
200 Southland Road Huntersville, NC 4
- 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
14316 Menifee Drive Huntersville, NC 1
- 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 2000
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,450
- $0.96
-
315 Southland Road Huntersville, NC 2
- 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 1989
![property image]()
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,549
- $0.99
-
11123 Harbert Road Huntersville, NC 3
- 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2012
![property image]()
LEASED 04/16/20- Rent
- Rent Per SQFT
- $1,625
- $1.04
-
302 Canadice Road Huntersville, NC 5
- 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,572 Sqft ∙ Built 1987
![property image]()
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,675
- $1.07
PROPERTY LISTING DETAILS
1.704.807.2771
Keller Williams Huntersville
