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2108 Kaybird Lane Charlotte, NC 28270

3 Beds 2 Baths 1,543 sqft Built 1999

$302,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $195.72
  • 1 Days on Market
  • MLS # : CAR3761427
  • Updated Date : 07/12/2021 at 23:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,543 sqft
  • Baths : 2 full
Listing Agent

Mabra Realty

Listing Agent's Description

Beautiful, well taken care of 3BR, 2.5 Bath home. This home offers a beautiful Kitchen with granite countertops, stainless steel appliance and new LVP floors, included in 1/2 bath. New Pella windows in family room and a new patio door with a lifetime warranty. 3 large bedrooms, with plenty of closet space. Large back yard with fence. Willowmere offers a pool, club house, playground and tennis courts. Minutes from great restaurants, shopping, and I-485. This home will go fast, schedule your showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Providence Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $116k342k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Providence Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8441924

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mckee Road Elementary School Primary Regular 493 30 9
Jay M. Robinson Middle School Middle Regular 1,101 51 10
Providence High School High Regular 1,991 94 9

Mckee Road Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 30
9
GreatSchools Rating

Jay M. Robinson Middle School

  • Education Level: Middle
  • # of students: 1,101
  • # of teachers: 51
10
GreatSchools Rating

Providence High School

  • Education Level: High
  • # of students: 1,991
  • # of teachers: 94
9
GreatSchools Rating
 

$271,800$332,200$302,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,049
Property Tax -$263
Property Insurance -$56
HOA -$78
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.

$302,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,780

INVESTMENT

$85,780

Down Payment
$75,500
Rehab Estimate
$5,750
Closing Costs
$4,530

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,500
Loan Amount $226,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,988

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,539

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3804$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 2108 Kaybird Lane Charlotte, NC 1
    • 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3274 Mannington Drive Charlotte, NC 2
    • 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,375 Sqft ∙ Built 1999
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.98
    •  
  • 3262 Mannington Drive Charlotte, NC 3
    • 3 beds 3 baths ∙ 1,385 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,385 Sqft ∙ Built 1998
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.00
    •  
  • 3264 Mannington Drive Charlotte, NC 4
    • 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,355 Sqft ∙ Built 1998
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.03
    •  
  • 3244 Mannington Drive Charlotte, NC 5
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 1998
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
PROPERTY LISTING DETAILS
Venniese Mabra
1.704.201.4645
Mabra Realty
BESbswy