Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $197.18
- 7 Days on Market
- MLS # : 3689337
- Updated Date : 12/12/2020 at 23:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,409 sqft
- Baths : 3 full
Listing Agent
Helen Adams Realty
Listing Agent's Description
Hot Hot Huntingtowne Farms. Full brick, split-level home, updated and move-in ready. This home is super cute with new energy efficient windows, an updated kitchen with stainless steel appliances, granite countertops and white cabinets and updated lighting and fixtures. You'll love the convenience of having 4 full sized bedrooms PLUS an extra utility room that could be used as an exercise room or hobby space. Hardwood flooring throughout most of the main and upper levels with the exception of the kitchen and baths. Large master bedroom with ample closet space and roomy master bath. Rear yard is fenced and offers covered grilling area, seating space, storage shed and lots of room to run around in. Other great pluses: The home features a surround sound system and the HVAC is approximately only 3 years old. This neighborhood has its own access to the Southpark Swim and Tennis Club and the Little Sugar Creek Greenway access and the neighborhood park is a 9 minute walk away.
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: Quail Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Quail Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$414 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$68
|
||
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.
$475,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 7.6% |
| 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
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
5.08
YEARS SAVED
$29,184
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,529
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
2301 Seth Thomas Road Charlotte, NC 2
- 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 1969
![property image]()
- Rent
- Rent Per SQFT
- $2,290
- $0.95
-
2510 Red Barn Lane Charlotte, NC 1
- 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 1967
![property image]()
LEASED 05/14/20- Rent
- Rent Per SQFT
- $2,000
- $0.90
-
2823 Goneaway Road Charlotte, NC 3
- 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 1965 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 1965
![property image]()
LEASED 09/13/20- Rent
- Rent Per SQFT
- $2,500
- $1.00
-
3811 Ashton Drive Charlotte, NC 4
- 3 beds 2 baths ∙ 2,526 Sqft ∙ Built 1967 3 beds 2 baths ∙ 2,526 Sqft ∙ Built 1967
![property image]()
LEASED 11/23/20- Rent
- Rent Per SQFT
- $2,945
- $1.17
-
3801 Ashton Drive Charlotte, NC 5
- 3 beds 2 baths ∙ 2,646 Sqft ∙ Built 1967 3 beds 2 baths ∙ 2,646 Sqft ∙ Built 1967
![property image]()
LEASED 11/12/20- Rent
- Rent Per SQFT
- $2,995
- $1.13
PROPERTY LISTING DETAILS
1.704.299.1985
Helen Adams Realty
