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3113 Xilingol Drive Indian Trail, NC 28079

3 Beds 4 Baths 2,902 sqft Built 2019

$409,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $141.25
  • 11 Days on Market
  • MLS # : 3714887
  • Updated Date : 03/13/2021 at 06:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,902 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Situated in the newest section of Bonterra on a premium 60', level, lot with vinyl privacy fencing and a 27' patio. The two car, oversized, garage has an amply sized storage area and the garage heater conveys. The kitchen with a huge Island, GE stainless steel double ovens, 4 burner gas range, side-by side refrigerator (conveys), Energy Star dishwasher, granite countertops, walk-in pantry is open to the Dining Area and Family Room. The entire home is drenched in natural sunlight! Owner's Suite in addition to Guest Suite with private bath are located on the main level. Other features include 5 ceiling fans, LVP flooring, fiber cement/stone exterior, natural gas heating, energy efficient maintenance free insulated vinyl windows, irrigation system in front yard and so much more! Ring doorbell & cameras convey. Simplisafe security conveys. Home is under Termite Bond with Pestban. This home will not last long!

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

Zip Code: 28079

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Zip Code: 28079

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$368,910$450,890$409,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,424
Property Tax -$268
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$41

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.

$409,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

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

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$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$22,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8504$1,9255$1,927
$1,927
RENT COMPS ANALYSIS
  • 3113 Xilingol Drive Indian Trail, NC 3
    • 3 beds 4 baths ∙ 2,863 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,863 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.65
    •  
  • 4003 Saphire Lane Indian Trail, NC 1
    • 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 2005
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.67
    •  
  • 1012 Yellow Bee Road Indian Trail, NC 2
    • 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.64
    •  
  • 2002 Seabiscuit Drive Indian Trail, NC 4
    • 4 beds 3 baths ∙ 3,006 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,006 Sqft ∙ Built 2003
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.64
    •  
  • 3604 Alden Street Indian Trail, NC 5
    • 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 1996
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,927
    • $0.66
    •  
PROPERTY LISTING DETAILS
Leslie Salls
1.704.904.6322
Coldwell Banker Realty
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3714887
Last Updated: 03/13/2021
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