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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $145.85
- 49 Days on Market
- MLS # : 3685639
- Updated Date : 01/07/2021 at 12:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,399 sqft
- Baths : 3 full
Listing Agent
The Stewart Group
Listing Agent's Description
Welcome to this amazing ranch home! Bright and airy, with crown moldings & judges paneling downstairs... 3 trey ceilings.. expanded seating area in the master BR... The kitchen is a chef's delight, w/ wonderful bkkfst bar, pull out shelves in cabinets, storage drawers and more! Upstairs you have the option of 4th BR, or bonus room with ensuite bath. Impeccably maintained, home has been smoke free! Excellent soundproofing....we never hear the neighbors! whole house Water softener New roof & AC Compressor 2020 ... A Small but lush back yard has irrigation system & is professionally landscaped...It overlooks the common area/pond & fountain- no homes are behind you!. Unique invisible screened porch (no wood supports, rear patio and spacious covered front porch have ceiling fans, are the perfect spot for summer evenings. Convenient to everything: Shopping, I-85, I-485. Plus enjoy lower Cabarrus Co Schools and taxes! (Price reduced to allow for carpet/vinyl change)
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Glengrove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glengrove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$380 | |
| Property Insurance | -$72 | |
| HOA | -$46 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$33
|
||
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.
$349,900
PROJECTED PRICE
$1,800
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 3.4% |
| 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
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
4.25
YEARS SAVED
$14,272
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,781
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
3578 Larkhaven Avenue Sw Concord, NC 4
- 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,800
- $0.75
-
3575 Alister Avenue Concord, NC 1
- 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2009
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,645
- $0.74
-
3494 Alister Avenue Concord, NC 2
- 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2013
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,725
- $0.69
-
3516 Larkhaven Avenue Concord, NC 3
- 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 2012
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,745
- $0.77
-
5359 Roberta Crossing Concord, NC 5
- 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2017
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,845
- $0.75
PROPERTY LISTING DETAILS
1.704.796.1369
The Stewart Group
