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 2019
- Price/Sqft : $120.91
- 4 Days on Market
- MLS # : 3694584
- Updated Date : 01/02/2021 at 14:38
CONSTRUCTION
- Beds : 4
- Floor Size : 2,472 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Executive
Listing Agent's Description
MULTIPLE OFFERS RECEIVED!!! SUBMIT BEST OFFERS BY SUNDAY JANUARY 3RD 12:OO PM. Incredible 1 year old residence with 4 bedrooms and an office downstairs for the remote workers!!! HUGE LOT with amazing privacy and wooded common area in the back side. This home still has its 10 year structural warranty and mechanical warranty on HVAC. Buy LIKE-NEW without paying the high premiums of new construction in another less private subdivision, move right in and don't lift a finger! The open floor plan will welcome you right in to a spacious entry hall leading you to the designer made kitchen to entertain your guests. The master boasts another HUGE main master closet and two additional closets in the master bath as well, you will not lack any space! The washer and dryer also convey with an acceptable offer. CALL THE LISTING AGENT WITH ANY QUESTIONS!!!
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: Oakdale North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakdale North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$261 | |
| Property Insurance | -$74 | |
| HOA | -$17 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$83
|
||
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.
$298,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.57% |
| 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
$84,959
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,725 |
| Loan Amount | $224,175 |
3.75
YEARS SAVED
$12,186
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.6
LIST RENT PER SQFT
-
$1,656
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
2906 Oakdale Road Charlotte, NC 2
- 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,490
- $0.60
-
2419 Sunset Oaks Drive Charlotte, NC 1
- 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2006
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,445
- $0.62
-
6307 Elliott Drive Charlotte, NC 3
- 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,339 Sqft ∙ Built 2006
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.66
-
2320 Waters Trail Drive Charlotte, NC 4
- 3 beds 3 baths ∙ 2,273 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,273 Sqft ∙ Built 2001
LEASED 07/09/19- Rent
- Rent Per SQFT
- $1,650
- $0.73
-
1716 Swan Drive Charlotte, NC 5
- 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,495 Sqft ∙ Built 2014
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,675
- $0.67
PROPERTY LISTING DETAILS
1.704.779.9243
Re/max Executive
