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2907 Glazer Valley Court Charlotte, NC 28214

4 Beds 3 Baths 2,258 sqft Built 2006

$270,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $119.57
  • 23 Days on Market
  • MLS # : 3701551
  • Updated Date : 02/14/2021 at 00:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,258 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

This property has multiple offers. DEADLINE IS 2/15/2021, 12:00 NOON. This meticulously kept home is on a cul-de-sac and backs up to private trees. This house is spacious at over 2,200sf with 4BRs and 2.5BAs. Airport and uptown less than 12 minutes away. Just three minutes from I-485.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Moores Chapel

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k235k

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

Neighborhood: Moores Chapel

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6771518

* 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
Whitewater Academy Primary Unknown NA
Whitewater Middle School Middle Regular 924 53 5
West Mecklenburg High School High Regular 2,040 108 1

Whitewater Academy

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Whitewater Middle School

  • Education Level: Middle
  • # of students: 924
  • # of teachers: 53
5
GreatSchools Rating

West Mecklenburg High School

  • Education Level: High
  • # of students: 2,040
  • # of teachers: 108
1
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$938
Property Tax -$235
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$138

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.

$270,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.02%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$26,854

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,609

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4253$1,5004$1,5755$1,745
$1,745
RENT COMPS ANALYSIS
  • 2907 Glazer Valley Court Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.66
    •  
  • 9025 Sharpes Circle Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2017
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.71
    •  
  • 1309 Waldon Road Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,007 Sqft ∙ Built 2017
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.71
    •  
  • 9419 Kendall Drive Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,262 Sqft ∙ Built 2017
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.70
    •  
  • 1244 San Gabriel Avenue Charlotte, NC 5
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2016
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.73
    •  
PROPERTY LISTING DETAILS
Belinda Agosto
1.704.750.0075
Fathom Realty
BESbswy