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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $189.02
- 3 Days on Market
- MLS # : 3701014
- Updated Date : 01/30/2021 at 16:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,320 sqft
- Baths : 2 full
Listing Agent
Linker And Linker Executive Re
Listing Agent's Description
Opportunity knocks!! Nice ranch on large lot! 1/2 ACRE LOT, METAL BUILDING WITH TWO BAY GARAGE, GREAT LOCATION, NO HOA and CLOSE TO EVERYTHING!! Don't delay setting your appointment for this gem. Bright and sunny interior with open floor plan that is so inviting. The kitchen features granite counters, custom oak cabinets, and stainless steel appliances (incl. fridge & built-in microwave). Nice 3/4" hardwoods in the kitchen & dining room. Outside is a large and peaceful yard with one shed and one large building that is going to be a perfect spot for someone that enjoys tinkering with cars, woodworking, hobbies and storage. Located close to a park, schools, I-85, Afton Village and so much more. It's the perfect place to call home!
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: New Haven Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: New Haven Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$212 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$90
|
||
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.
$249,500
PROJECTED PRICE
$1,340
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 5.3% |
| 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
$71,868
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,375 |
| Loan Amount | $187,125 |
7.08
YEARS SAVED
$21,021
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,142
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2110 Grandhaven Drive Concord, NC 4
- 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $1,340
- $1.00
-
4058 Leafmore Street Concord, NC 1
- 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 1981
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,249
- $0.82
-
514 Havenbrook Way Concord, NC 2
- 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2003
![property image]()
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,299
- $0.84
-
1171 Tufton Place Concord, NC 3
- 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1997
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,325
- $0.90
-
1455 Eschol Lane Concord, NC 5
- 4 beds 3 baths ∙ 1,634 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,634 Sqft ∙ Built 2005
![property image]()
LEASED 01/04/20- Rent
- Rent Per SQFT
- $1,395
- $0.85
PROPERTY LISTING DETAILS
1.980.521.7572
Linker And Linker Executive Re
