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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $130.92
- 3 Days on Market
- MLS # : 3676428
- Updated Date : 11/20/2020 at 14:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,756 sqft
- Baths : 2 full
Listing Agent
Keller Williams South Park
Listing Agent's Description
It is RARE to find a one-story home in Potters Glen but this is it! You're going to LOVE one-story living. It is so easy! Conveniently located near I-77, I-85, and I-485, this home offers an island Kitchen opening to a spacious Family Room with handsome stone fireplace, spacious Master Bedroom, bath, and closet, and a large paver patio overlooking a very private back yard.
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: West Sugar Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Sugar Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$848 |
| Property Tax | -$200 | |
| Property Insurance | -$60 | |
| HOA | -$18 | |
| Property Management Fees | -$120 | |
|
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.
$229,900
PROJECTED PRICE
$1,330
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 8.4% |
| 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
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
5.75
YEARS SAVED
$18,113
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,449
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
3215 Osceola Lane Charlotte, NC 1
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,330
- $0.76
-
8214 Braids Bend Court Charlotte, NC 2
- 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 2002
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,355
- $0.81
-
5207 Holbert Circle Charlotte, NC 3
- 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,712 Sqft ∙ Built 2002
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,375
- $0.80
-
4005 Chandler Haven Drive Charlotte, NC 4
- 3 beds 3 baths ∙ 1,713 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,713 Sqft ∙ Built 2008
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,400
- $0.82
-
5215 Holbert Circle Charlotte, NC 5
- 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,788 Sqft ∙ Built 2004
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,550
- $0.87
PROPERTY LISTING DETAILS
1.704.661.3173
Keller Williams South Park
