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2728 Liberty Hall Court #149 Waxhaw, NC 28173

4 Beds 2 Baths 2,715 sqft Built 2004

$465,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $171.27
  • 6 Days on Market
  • MLS # : 3719106
  • Updated Date : 03/20/2021 at 00:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,715 sqft
  • Baths : 2 full
Listing Agent

Aspire Real Estate Group Inc

Listing Agent's Description

Location Location This wonderful home is located in desirable Union County and is serviced by Marvin Schools. This Cul-de-sac home has been modernized with new kitchen and main level flooring in 2018-2019, offering open plan living space and upper floor large Bonus/flex room currently installed with Butler Bar and used for recreation and exercising. Rear fully fenced yard allows for total relaxation privacy and entertainment, with outdoor fireplace, pergolas, hot tub and dining areas leading to turfed and planted landscapes. The Reserve offers Community Amenities including; Swimming pool and clubhouse, playpark, open spaces, pond, walking trails. Access to Waxhaw, Marvin and surrounding villages. Commute time to Uptown Charlotte around 40 minutes. 10 minutes drive to 485. Local shopping centers include Marvin Gardens with a new built Publix, Waverly & Blakeney Dining, entertainment and shopping centers approximately 5-10 minutes drive. This home has it all. 3D Tour feature.

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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: 28173

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $118k399k

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

Zip Code: 28173

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900200021002200Rent in $8442248

* 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
Sandy Ridge Elementary School Primary Regular 660 40 10
Marvin Ridge Middle School Middle Regular 1,264 68 9
Marvin Ridge High School High Regular 1,573 78 10

Sandy Ridge Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 40
10
GreatSchools Rating

Marvin Ridge Middle School

  • Education Level: Middle
  • # of students: 1,264
  • # of teachers: 68
9
GreatSchools Rating

Marvin Ridge High School

  • Education Level: High
  • # of students: 1,573
  • # of teachers: 78
10
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,615
Property Tax -$357
Property Insurance -$78
HOA -$89
Property Management Fees -$119
CASH FLOW
$72

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.

$465,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.0%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$34,243

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,396

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1453$2,3304$2,3955$2,680
$2,680
RENT COMPS ANALYSIS
  • 2728 Liberty Hall Court Waxhaw, NC 3
    • 4 beds 2 baths ∙ 2,715 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,715 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.86
    •  
  • 8305 Bourgess Court Indian Land, SC 1
    • 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,429 Sqft ∙ Built 2014
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 8304 Cornerbrook Place Waxhaw, NC 2
    • 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2005
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.90
    •  
  • 9637 Belloak Lane Waxhaw, NC 4
    • 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,675 Sqft ∙ Built 2003
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.90
    •  
  • 9904 Silverling Drive Waxhaw, NC 5
    • 5 beds 3 baths ∙ 3,001 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,001 Sqft ∙ Built 2006
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kerry Greenwood
1.704.712.4564
Aspire Real Estate Group Inc
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3719106
Last Updated: 03/20/2021
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