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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $170.81
- 12 Days on Market
- MLS # : 3693561
- Updated Date : 12/31/2020 at 17:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,429 sqft
- Baths : 2 full , 1 half
Listing Agent
Hawkins Real Estate Group Inc.
Listing Agent's Description
Welcome Home to Belmont! Timberlake is a beautiful community located just off the Catawba River & minutes from the airport & uptown Charlotte. This incredible home features a light & open plan yet still offering warm and cozy areas throughout the home. The 2 story living room with gas log fireplace invites you to sit down & stay a while. This kitchen is a dream! Featuring a charming breakfast area, custom cabinets, granite tops, hardwood floors, eat on bar, pantry, stainless appliances, & the most charming keeping room with gas log fire place. Plenty of room to entertain or just enjoy cozying up with your family! The formal dining room has hardwoods & an abundance of natural light! There is a half bath off of the foyer for your guest. The master bedroom is tucked away & welcomes you to rest in privacy. A gorgeous trey ceiling adds to the luxury of the room with ensuite bath, jetted tub, oversized shower, large walk in & dual vanity. Upstairs offers 3 large bedrooms! and so much more!
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
Zip Code: 28012
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28012
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$339 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$122
|
||
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.
$414,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 5.4% |
| 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
$115,699
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,725 |
| Loan Amount | $311,175 |
3.67
YEARS SAVED
$16,839
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,949
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
3036 Greenmont Circle Belmont, NC 3
- 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,940
- $0.80
-
1001 Bailey Kendall Way Belmont, NC 1
- 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,188 Sqft ∙ Built 2006
![property image]()
LEASED 02/22/20- Rent
- Rent Per SQFT
- $1,825
- $0.83
-
1000 Ashley Glen Lane Belmont, NC 2
- 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2006
![property image]()
LEASED 11/18/19- Rent
- Rent Per SQFT
- $1,850
- $0.84
-
2800 Shannon Drive Belmont, NC 4
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2006
![property image]()
LEASED 07/26/19- Rent
- Rent Per SQFT
- $1,945
- $0.75
-
4918 Trayton Avenue Gastonia, NC 5
- 5 beds 4 baths ∙ 2,698 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,698 Sqft ∙ Built 2019
![property image]()
LEASED 01/09/20- Rent
- Rent Per SQFT
- $2,075
- $0.77
PROPERTY LISTING DETAILS
1.704.827.8850
Hawkins Real Estate Group Inc.
