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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $133.14
- 4 Days on Market
- MLS # : 3688276
- Updated Date : 12/05/2020 at 15:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,553 sqft
- Baths : 2 full , 1 half
Listing Agent
Stephen Cooley Real Estate Group
Listing Agent's Description
This home offers lots of square footage and rooms to grow into. The 2 story foyer welcomes you into the home that offers a large formal dining room and a great room with a fireplace/gas logs. Both rooms connect to the spacious kitchen where you will find many cabinets and lots of counter space for food prep. There is a large sun room that provides a bright and cheery spot to relax. Master suite is located on that main level with secondary bedrooms upstairs. Outdoor space offers a large deck, fenced back yard and a covered front porch. There is a whole house sound system and water filtration system. Main heating source is a heat pump but does have gas backup. Some plantation shutters. Amazing neighborhood amenities.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Brandon Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brandon Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$222 | |
| Property Insurance | -$75 | |
| HOA | -$45 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$15
|
||
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.
$339,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.2% |
| 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
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
6.08
YEARS SAVED
$27,421
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,704
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
2017 Hollyhedge Lane Indian Trail, NC 4
- 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,553 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,730
- $0.68
-
1018 Fountainbrook Drive Indian Trail, NC 1
- 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 2006
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,495
- $0.63
-
14002 Fenwick Drive Indian Trail, NC 2
- 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2001
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.70
-
5002 Breeze Lane Indian Trail, NC 3
- 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,638 Sqft ∙ Built 2005
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,725
- $0.65
-
6501 Afterglow Drive Indian Trail, NC 5
- 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,689 Sqft ∙ Built 1999
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,850
- $0.69
PROPERTY LISTING DETAILS
1.803.985.1240
Stephen Cooley Real Estate Group
