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2818 Walcourt Valley Place Charlotte, NC 28270

4 Beds 3 Baths 2,197 sqft Built 1997

$358,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $162.95
  • 2 Days on Market
  • MLS # : 3680449
  • Updated Date : 11/07/2020 at 14:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,197 sqft
  • Baths : 2 full , 1 half
Listing Agent

Clickit Realty

Listing Agent's Description

Great cul du sac location close to everything. Fantastic schools. This 4 bedroom 3 bath home has an updated kitchen with white soft close cabinets and quartz countertops. Master suite with separate shower and garden tub. Additional 3 bedrooms on 2nd floor with upstairs laundry. Large deck with separate patio overlooks great backyard. 2 New HVAC Sept 2017. A great place to call 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: Providence Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $116k585k

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

Neighborhood: Providence Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $8442955

* 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
Mckee Road Elementary School Primary Regular 493 30 9
Jay M. Robinson Middle School Middle Regular 1,101 51 10
Providence High School High Regular 1,991 94 9

Mckee Road Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 30
9
GreatSchools Rating

Jay M. Robinson Middle School

  • Education Level: Middle
  • # of students: 1,101
  • # of teachers: 51
10
GreatSchools Rating

Providence High School

  • Education Level: High
  • # of students: 1,991
  • # of teachers: 94
9
GreatSchools Rating
 

$322,200$393,800$358,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,321
Property Tax -$312
Property Insurance -$69
HOA -$8
Property Management Fees -$158
CASH FLOW
-$108

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.

$358,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.36%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,620

INVESTMENT

$100,620

Down Payment
$89,500
Rehab Estimate
$5,750
Closing Costs
$5,370

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,500
Loan Amount $268,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$13,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,873

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,7503$1,7604$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 2818 Walcourt Valley Place Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.80
    •  
  • 1808 Chinchester Lane Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1999
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.80
    •  
  • 2020 Galty Lane Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 2003
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 2834 Glen Summit Drive Charlotte, NC 4
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1998
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 2219 Big Pine Drive Matthews, NC 5
    • 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,348 Sqft ∙ Built 2003
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
PROPERTY LISTING DETAILS
Susan Ayers
1.888.875.4218
Clickit Realty
BESbswy