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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $126.56
- 2 Days on Market
- MLS # : 3720071
- Updated Date : 03/20/2021 at 22:04
CONSTRUCTION
- Beds : 5
- Floor Size : 2,703 sqft
- Baths : 4 full
Listing Agent
Keller Williams South Park
Listing Agent's Description
Imagine living in a stunning 2 story home that features 5 bedrooms and 2.5 baths sprawled in a 0.35-acre land in Hamilton Place. It even has easy access to Poplin Place and Crooked Creek Park. Upon entry, you'll notice the well-lit formal dining that opens up to an excellent living area, perfect for entertaining guests. It also opens up to a cozy family area accentuated with a warm fireplace and a beautiful gourmet chef's kitchen ideal for prepping meals. For your convenience and comfort, you'll find the primary suite nearby that features an efficient walk-in closet and ensuite bath. Additional 4 bedrooms and 3 full baths are also available for hosting guests. You'll absolutely love outdoor activities with this home's wooden patio that overlooks the fenced backyard. Don't miss it! Schedule your tour now.
SEE MORE
- 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
Zip Code: 28110
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28110
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,188 |
| Property Tax | -$181 | |
| Property Insurance | -$78 | |
| HOA | -$18 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$256
|
||
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.
$342,100
PROJECTED PRICE
$1,840
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 7.1% |
| 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
$96,407
LOAN DETAILS
$1,188
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,525 |
| Loan Amount | $256,575 |
9.25
YEARS SAVED
$43,775
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,955
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
4006 Waxwood Drive Monroe, NC 2
- 5 beds 4 baths ∙ 2,703 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,703 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,840
- $0.68
-
4115 Tricia Court Monroe, NC 1
- 5 beds 4 baths ∙ 2,359 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,359 Sqft ∙ Built 2001
![property image]()
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,650
- $0.70
-
3328 Christopher Jacob Court Monroe, NC 3
- 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,480 Sqft ∙ Built 2017
![property image]()
LEASED 01/12/20- Rent
- Rent Per SQFT
- $1,845
- $0.74
-
4126 Waxwood Drive Monroe, NC 4
- 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,650 Sqft ∙ Built 2007
![property image]()
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,945
- $0.73
PROPERTY LISTING DETAILS
1.704.628.4066
Keller Williams South Park
MLS #: 3720071
Last Updated: 03/20/2021
