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

2709 Buckleigh Drive Charlotte, NC 28215

4 Beds 3 Baths 2,754 sqft Built 2006

$279,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $101.63
  • 4 Days on Market
  • MLS # : 3694167
  • Updated Date : 01/07/2021 at 16:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,754 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams South Park

Listing Agent's Description

BEAUTIFUL, UPDATED CHARLOTTE HOME. SO MUCH SQUARE FOOTAGE FOR THE PRICE! GORGEOUS KITCHEN W/ STAINLESS STEEL APPLIANCES, NEW HARDWARE, TONS OF CABINET SPACE & OPEN TO LIVING AREA. STUNNING BRAND NEW LVP FLOORING THROUGHOUT MAIN LEVEL, BRAND NEW CARPET ON UPPER LEVEL & FRESH PAINT THROUGHOUT THE ENTIRE HOME. SPACIOUS GREAT ROOM W/ FIREPLACE. OPEN & BRIGHT DINING AND LIVING ROOMS. LARGE MASTER SUITE W/ WALK IN CLOSET. MASTER BATH FEATURES DUAL VANITES AND SEPARATE GARDEN TUB & SHOWER. FLEXIBLE LOFT AREA FOR HOME OFFICE, PLAY AREA, EXCERCISE ROOM, ETC. AWESOME OUTDOOR SPACE W/ COZY FRONT PORCH & BEAUTIFUL LANDSCAPING. OUT BACK IS A STONE PATIO IDEAL FOR RELAXING, ENTERTAINING & TAKING IN THE GORGEOUS, PRIVATE WOODED VIEW. JUST STEP OUT THE BACK DOOR & EXPLORE THE LUSH WOODS. NEIGHBORHOOD PARK/PLAYGROUND FOR HOURS OF FUN. SIDEWALKS MAKE FOR EASY & SAFE WALKING. IDEAL LOCATION CLOSE TO SHOPPING, SCHOOLS, UPTOWN, UNIVERSITY, CONCORD MILLS & MAJOR ROADWAYS. UNBELIEVABLE, MOVE IN READY HOME.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Back Creek Church Road

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $116k318k

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

Neighborhood: Back Creek Church Road

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Joseph W. Grier Academy Primary Regular 789 50 3
Northridge Middle School Middle Regular 779 43 3
Rocky River High School High Regular 1,710 90 3

Joseph W. Grier Academy

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 50
3
GreatSchools Rating

Northridge Middle School

  • Education Level: Middle
  • # of students: 779
  • # of teachers: 43
3
GreatSchools Rating

Rocky River High School

  • Education Level: High
  • # of students: 1,710
  • # of teachers: 90
3
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$972
Property Tax -$266
Property Insurance -$79
HOA -$27
Property Management Fees -$119
CASH FLOW
$247

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.

$279,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 7.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$40,558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,831

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6853$1,7104$1,7955$1,995
$1,995
RENT COMPS ANALYSIS
  • 2709 Buckleigh Drive Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.62
    •  
  • 4718 Mortonhall Road Charlotte, NC 1
    • 3 beds 3 baths ∙ 2,448 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,448 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.61
    •  
  • 3005 Buckleigh Drive Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,760 Sqft ∙ Built 2007
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.61
    •  
  • 10221 Snowbell Court Charlotte, NC 4
    • 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,622 Sqft ∙ Built 2015
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 9928 Seven Oaks Drive Charlotte, NC 5
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 2006
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jim Crowley
1.704.488.0406
Keller Williams South Park
BESbswy