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4025 Waters Reach Lane Indian Trail, NC 28079

4 Beds 3 Baths 3,102 sqft Built 1999

$364,900

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $117.63
  • 5 Days on Market
  • MLS # : 3683306
  • Updated Date : 11/20/2020 at 19:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,102 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sun Valley Realty

Listing Agent's Description

This one checks ALL the boxes! The open-concept floorplan is versatile for working from home & having plenty of space for all! The main floor has a formal living & dining rooms (PLUS separate office w/french doors), 2-story great room w/fireplace; large kitchen w/granite countertops, island, walk-in pantry; keeping/sunroom AND 16x20 screened in porch w/vaulted ceiling. Beautiful hardwoods on entire main floor. Refinish if you like, but they're in move-in ready now, too. The upstairs master is a perfect size for king-sized bedroom furniture & the master bath has been upgraded with custom tile, oversized frameless shower, separate soaking tub & dual vanity. You'll appreciate all the storage in this home. Check out the "secret" under stairs pull-out cubby! Encapsulated crawlspace, fenced private yard (cul-de-sac) make this home even better! Brandon Oaks amenities: this home is positioned w/in stone's throw of the clubhouse & pool, tennis, basketball, pond & playground. Hurry!!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Brandon Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Brandon Oaks

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
Sun Valley Elementary School Primary Regular 695 45 9
Sun Valley Middle School Middle Regular 1,365 69 6
Sun Valley High School High Regular 1,306 76 7

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 45
9
GreatSchools Rating

Sun Valley Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 69
6
GreatSchools Rating

Sun Valley High School

  • Education Level: High
  • # of students: 1,306
  • # of teachers: 76
7
GreatSchools Rating
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,346
Property Tax -$238
Property Insurance -$88
HOA -$41
Property Management Fees -$176
CASH FLOW
$61

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.

$364,900

PROJECTED PRICE

$1,950

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.2%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,346

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$27,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $1,976

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,8953$1,9504$1,9505$2,050
$2,050
RENT COMPS ANALYSIS
  • 4025 Waters Reach Lane Indian Trail, NC 4
    • 4 beds 3 baths ∙ 3,213 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,213 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.61
    •  
  • 1010 Canopy Drive Indian Trail, NC 1
    • 4 beds 3 baths ∙ 2,975 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,975 Sqft ∙ Built 2006
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.59
    •  
  • 1006 Linstead Drive Indian Trail, NC 2
    • 4 beds 4 baths ∙ 3,067 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,067 Sqft ∙ Built 2001
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.62
    •  
  • 1017 Hollyhedge Lane Indian Trail, NC 3
    • 4 beds 3 baths ∙ 3,220 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,220 Sqft ∙ Built 2002
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.61
    •  
  • 1139 Briarmore Drive Indian Trail, NC 5
    • 5 beds 3 baths ∙ 3,224 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,224 Sqft ∙ Built 1996
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.64
    •  
PROPERTY LISTING DETAILS
Jennifer Masucci
1.704.254.6432
Sun Valley Realty
BESbswy