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3201 Twin Falls Lane 
Matthews, NC
28105
3 Beds 3 Baths 1,876 sqft
Built 1990
INVESTimate
$265,000
List Price
$75,975
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PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $141.26
- 22 Days on Market
- MLS # : 3647457
- Updated Date : 08/26/2020 at 00:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,876 sqft
- Baths : 2 full , 1 half
Listing Agent
Allen Tate Providence @485
Listing Agent's Description
Welcome home to this bright and beautiful charmer! Located in Callaway Plantation just moments from all of the shopping and dining desirable Matthews has to offer and situated on a private fenced lot. This open floorplan features vaulted ceilings in the great room and a stunning stacked stone fireplace. Reading nook at the entry is the perfect spot to curl up with a book but also flexible enough for a home office or teaching space. Kitchen features bright white cabinets, granite counters, tile backsplash and stainless steel appliances. Prepare to fall in love with some of the custom wood features such as a barn door, laundry shelving and wood feature wall in secondary bedroom. The second floor features the spacious master bedroom with trey ceiling and vaulted master bath along with two additional bedrooms and bathroom . New interior paint, new exterior paint 2018, new HVAC 2017, this home is the epitome of move-in ready and you won't want to miss it!
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: Marshbrooke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marshbrooke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$244 | |
| Property Insurance | -$63 | |
| HOA | -$32 | |
| Property Management Fees | -$131 | |
|
CASH FLOW
$3
|
||
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.
$265,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 8.83% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.02% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
4.25
YEARS SAVED
$12,888
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,459
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
3201 Twin Falls Lane Matthews, NC 3
- 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $1,450
- $0.77
-
7333 Aragorn Lane Charlotte, NC 1
- 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,893 Sqft ∙ Built 2007
![property image]()
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,449
- $0.77
-
7426 Aragorn Lane Charlotte, NC 2
- 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2006
![property image]()
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,450
- $0.72
-
5419 Wyalong Drive Charlotte, NC 4
- 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2006
![property image]()
LEASED 12/06/19- Rent
- Rent Per SQFT
- $1,520
- $0.83
-
2621 Hunters Moon Lane Matthews, NC 5
- 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,960 Sqft ∙ Built 2013
![property image]()
LEASED 02/22/20- Rent
- Rent Per SQFT
- $1,545
- $0.79
PROPERTY LISTING DETAILS
1.704.609.9300
Allen Tate Providence @485
