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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $168.73
- 5 Days on Market
- MLS # : 3693506
- Updated Date : 12/23/2020 at 14:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,244 sqft
- Baths : 1 full , 1 half
Listing Agent
Bottom Line Real Estate
Listing Agent's Description
Desirable Jackson Park area in Stanley. Great neighborhood with no HOA fees. Brick ranch 3 bedrooms 1.5 bathrooms with a carport. Very well kept home with a wood burning fireplace. Hardwood floors throughout the home except kitchen and bathroom areas. Outdoor deck with fenced backyard. Outdoor storage building (12 X 16) with electricity. Refrigerator, washer and dryer are negotiable. Priced to sell! Open for showings after Christmas day, starting Saturday 12/26. Don't miss this fantastic home!
SEE MORE
- 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
Zip Code: 28164
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28164
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,160 |
| EXPENSES | Loan Payment | -$774 |
| Property Tax | -$179 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$37
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$209,900
PROJECTED PRICE
$1,160
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 8.00% |
| 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
$61,374
LOAN DETAILS
$774
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,475 |
| Loan Amount | $157,425 |
6.25
YEARS SAVED
$17,289
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,160
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,107
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
209 General Stonewall Jackson Drive Stanley, NC 4
- 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,244 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $1,160
- $0.93
-
613 Summerow Road Stanley, NC 1
- 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1964
LEASED 11/13/19- Rent
- Rent Per SQFT
- $800
- $0.77
-
603 Ralph Handsel Boulevard Stanley, NC 2
- 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,050 Sqft ∙ Built 1980
LEASED 02/07/20- Rent
- Rent Per SQFT
- $895
- $0.85
-
307 E Parkwood Street Stanley, NC 3
- 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1964
LEASED 09/02/20- Rent
- Rent Per SQFT
- $975
- $0.98
-
400 Bennington Drive Stanley, NC 5
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 2003
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,475
- $0.95
PROPERTY LISTING DETAILS
1.704.743.7163
Bottom Line Real Estate
