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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $176.25
- 6 Days on Market
- MLS # : 3706476
- Updated Date : 02/13/2021 at 15:59
CONSTRUCTION
- Beds : 4
- Floor Size : 1,844 sqft
- Baths : 2 full , 1 half
Listing Agent
Allen Tate Southpark
Listing Agent's Description
GET READY TO BE WOWED! This meticulously cared for home is fully Updated with Incredible attention to details throughout. Check out- Chef's Kitchen w/custom glazed cabinetry w/unique storage & special touches! DON'T MISS-Hidden Walk-in Pantry. Stainless appliances, custom backsplash, granite counter tops, custom tile flooring & Sun-filled Breakfast Room. Wide Plank Hardwood Floors throughout Main living. Elegant Formal Dining. Expansive Great Rm w/Full Brick Wood Burning Fireplace Opens to Expansive Deck which overlooks Private Wooded Yard. Master Suite has custom closets, Beautiful Bath w/elegant pedestal sink, Walk-in Tile Shower w/frameless shower door PLUS-3 Generous Secondary Bedrooms PLUS Lovely Full Bath w/Pedestal Sink, Tile floors & surround & Chrome fixtures-PLUS-New Powder Rm w/bead board detailing, custom vanity w/glass sink. Beautifully sited on .75 Acres- Just minutes to Downtown Mint Hill, Matthews, Hwy I485 & Monroe Bypass--WELCOME HOME--SHOWINGS START FRIDAY!
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: Windrow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Windrow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$262 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$129
|
||
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.
$325,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 8.6% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
7.67
YEARS SAVED
$32,257
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,701
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
2013 Light Brigade Drive Matthews, NC 2
- 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,700
- $0.92
-
2308 Heathershire Lane Matthews, NC 1
- 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 1988
LEASED 11/21/20- Rent
- Rent Per SQFT
- $1,700
- $0.88
-
13701 Strathaven Drive Matthews, NC 3
- 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,978 Sqft ∙ Built 1987
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.91
-
13634 Tynecastle Lane Matthews, NC 4
- 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1987
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
-
14400 Buckton Lane Matthews, NC 5
- 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 1988
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,850
- $0.94
PROPERTY LISTING DETAILS
1.704.363.2938
Allen Tate Southpark
