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333 Regency Drive Charlotte, NC 28211

4 Beds 3 Baths 1,159 sqft Built 1979

$334,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $288.96
  • 3 Days on Market
  • MLS # : 3719322
  • Updated Date : 03/19/2021 at 13:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,159 sqft
  • Baths : 3 full
Listing Agent

Keller Williams South Park

Listing Agent's Description

Settle down in this fantastic 4 bedroom with 3 full baths home nestled in the heart of Waverly Hall subdivision which is a short drive from Galleria shopping center and James Boyce park. Entertain guests in the main floor's beautiful living area that also opens up to a lovely dining area next to the well-equipped kitchen built perfectly for prepping meals. You can also see the cozy primary suite with a private bath and walk-in closet when you walk down the main floor hall. Additional 3 private bedrooms are also available to host guests, one on the main floor and two on the basement sharing a full bath and a spacious family area accentuated with a warm fireplace. Don't forget to check out the wooden deck too! See for yourself. Schedule your private tour now.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Stonehaven

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $116k361k

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

Neighborhood: Stonehaven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Rama Road Elementary School Primary Regular 591 41 4
Mcclintock Middle School Middle Regular 855 55 3
East Mecklenburg High School High Regular 1,840 111 6

Rama Road Elementary School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 41
4
GreatSchools Rating

Mcclintock Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 55
3
GreatSchools Rating

East Mecklenburg High School

  • Education Level: High
  • # of students: 1,840
  • # of teachers: 111
6
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,163
Property Tax -$292
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
-$103

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.

$334,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 7.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$12,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $1,344

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5203$1,5754$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 333 Regency Drive Charlotte, NC 2
    • 4 beds 3 baths ∙ 1,159 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,159 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $1.31
    •  
  • 1407 Jodhpur Court Charlotte, NC 1
    • 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,141 Sqft ∙ Built 1977
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.27
    •  
  • 6426 Round Hill Road Charlotte, NC 3
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1979
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.11
    •  
  • 6201 Thermal Road Charlotte, NC 4
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1984
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.13
    •  
  • 4464 Coventry Row Court Charlotte, NC 5
    • 3 beds 3 baths ∙ 1,416 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,416 Sqft ∙ Built 2001
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.13
    •  
PROPERTY LISTING DETAILS
Trent Corbin
1.704.628.4066
Keller Williams South Park
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3719322
Last Updated: 03/19/2021
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