Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
3500 Hayden Drive 
Charlotte, NC
28269
3 Beds 2 Baths 1,308 sqft
Built 1959
INVESTimate
$150,000
List Price
$45,500
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1959
- Price/Sqft : $114.68
- 2 Days on Market
- MLS # : 3654448
- Updated Date : 08/25/2020 at 07:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,308 sqft
- Baths : 1 full , 1 half
Listing Agent
Harper Realty
Listing Agent's Description
Bring your contractor and your imagination! Excellent location! Located off of a dead end street. Brick ranch with 2 car garage on a 1.24 ac lot. Home has suffered some structural damage from a slow leak in a water heater, where chimney is located. Home is being sold as is!
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: Prosperity Church Road
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Prosperity Church Road
* 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 | $1,110 |
| EXPENSES | Loan Payment | -$553 |
| Property Tax | -$191 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$100 | |
|
CASH FLOW
$214
|
||
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.
$150,000
PROJECTED PRICE
$1,110
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.38% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$45,500
LOAN DETAILS
$553
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $37,500 |
| Loan Amount | $112,500 |
11.5
YEARS SAVED
$30,824
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,110
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,138
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
3500 Hayden Drive Charlotte, NC 1
- 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1959
- Rent
- Rent Per SQFT
- $1,110
- $0.85
-
8517 Galena View Drive Charlotte, NC 2
- 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2001
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,349
- $0.90
-
4328 Canipe Drive Charlotte, NC 3
- 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2004
LEASED 10/22/19- Rent
- Rent Per SQFT
- $1,350
- $0.86
-
4326 Hazlitt Court Charlotte, NC 4
- 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 1988
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,375
- $0.84
-
3821 Sipes Lane Charlotte, NC 5
- 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1999
LEASED 06/03/19- Rent
- Rent Per SQFT
- $1,425
- $0.88
PROPERTY LISTING DETAILS
1.704.804.0718
Harper Realty
