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218 Valleybrook Lane Troutman, NC 28166

3 Beds 2 Baths 1,152 sqft Built 1977

$200,000

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $173.61
  • -1 Days on Market
  • MLS # : CAR3761769
  • Updated Date : 07/13/2021 at 01:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 1 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Move-in Ready! This 3 bed 1 1/2 bath Ranch has new vinyl wood flooring, fresh paint, new kitchen cabinets and updated bathroom. Off the large kitchen with dining space is the living room that will fit all your furniture. All the bedrooms are a great size. The large flat backyard has a firepit, great for entertaining. Great school district and is located near downtown. Refrigerator conveys. Roof replaced 5/21

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

Zip Code: 28166

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $106k261k

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

Zip Code: 28166

ZipNIR Market*CityMarket2010Year20002019 Q280085090095010001050110011501200125013001350Rent in $7581375

* 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
Troutman Elementary School Primary Regular 757 45 6
Troutman Middle School Middle Regular 436 25 4
South Iredell High School High Regular 1,505 92 5

Troutman Elementary School

  • Education Level: Primary
  • # of students: 757
  • # of teachers: 45
6
GreatSchools Rating

Troutman Middle School

  • Education Level: Middle
  • # of students: 436
  • # of teachers: 25
4
GreatSchools Rating

South Iredell High School

  • Education Level: High
  • # of students: 1,505
  • # of teachers: 92
5
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$695
Property Tax -$159
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
-$1

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.

$200,000

PROJECTED PRICE

$1,020

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$10,849

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,063

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0203$1,0954$1,2255$1,425
$1,425
RENT COMPS ANALYSIS
  • 218 Valleybrook Lane Troutman, NC 2
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $0.89
    •  
  • 376 Winecoff Street Troutman, NC 1
    • 3 beds 1 baths ∙ 1,066 Sqft ∙ Built 1983 3 beds 1 baths ∙ 1,066 Sqft ∙ Built 1983
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.93
    •  
  • 415 Avon Avenue Troutman, NC 3
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1975
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.87
    •  
  • 805 Stratford Road Troutman, NC 4
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2007
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.91
    •  
  • 142 Jacobs Woods Circle Troutman, NC 5
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 3 beds 2 baths ∙ 1,456 Sqft ∙ Built
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.98
    •  
PROPERTY LISTING DETAILS
Dave Hansen
1.704.999.4030
Exp Realty Llc
BESbswy