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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $143.45
- 2 Days on Market
- MLS # : 3710680
- Updated Date : 02/20/2021 at 14:52
CONSTRUCTION
- Beds : 4
- Floor Size : 3,130 sqft
- Baths : 3 full , 1 half
Listing Agent
Equity North Carolina Real Estate, Llc
Listing Agent's Description
Don't miss this beautiful full brick 4 Bedroom 3 1/2 Bath Custom Home on a half-acre lot the highly sought after Stalling Farm community in Harrisburg! It features a spacious Master Bedroom Down with Split Floor Plan for extra privacy. The Master Bath has an oversized shower with plenty of storage and walk-in closet. The kitchen offers granite countertops, tile backsplash, and plenty of cabinet space. Spacious Guest Bedrooms share Jack and Jill Bathroom with dual vanities. Side load 3 Car Garage with Built-in Cabinets for storage. Full Brick Workshop with electricity for all of the honey do projects one could dream of.
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: Stallings Farm
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stallings Farm
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,180 |
| EXPENSES | Loan Payment | -$1,560 |
| Property Tax | -$348 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$67
|
||
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.
$449,000
PROJECTED PRICE
$2,180
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 4.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| 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
$124,735
LOAN DETAILS
$1,560
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
6.42
YEARS SAVED
$33,918
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,212
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
3660 Charolais Lane Harrisburg, NC 3
- 4 beds 4 baths ∙ 3,130 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,130 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,180
- $0.70
-
8378 Burgundy Ridge Drive Harrisburg, NC 1
- 5 beds 3 baths ∙ 3,058 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,058 Sqft ∙ Built 2006
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.62
-
4637 Arborview Drive Harrisburg, NC 2
- 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,044 Sqft ∙ Built 2003
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,995
- $0.66
-
8528 Twickenham Terrace Harrisburg, NC 4
- 5 beds 4 baths ∙ 3,226 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,226 Sqft ∙ Built 2012
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,500
- $0.77
PROPERTY LISTING DETAILS
1.704.607.5655
Equity North Carolina Real Estate, Llc
MLS #: 3710680
Last Updated: 02/20/2021
