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4043 Keble Drive Charlotte, NC 28269

3 Beds 2 Baths 1,868 sqft Built 1990

$285,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $152.57
  • 2 Days on Market
  • MLS # : 3708345
  • Updated Date : 02/13/2021 at 14:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,868 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Lake Norman

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. HIGHEST & BEST DUE 7PM SUNDAY 2/14/21. FABULOUS FULL-BRICK ranch floor plan in the best possible location. Updates include: beautiful wood laminate flooring, ceiling beam detail, master bath renovation, new gas stove, kitchen backsplash, under cabinet & can lights, freshly painted cabinets w/new hardware, blinds & shutters & encapsulated crawl space. Spacious, yet cozy open floor plan boasts an inviting fam rm w/full masonry wood-burning fireplace as an accent feature. Easy access to kitchen & dining rm make this an entertainer's dream or perhaps a great place to gather family & friends post-pandemic. Oversized master bedroom offers a sitting area & updated ensuite bathroom. Large fenced rear yard w/established landscaping just begging for spring to arrive. Storage shed great for equipment or a "she-shed"! Perfectly situated in the established neighborhood of Katelyn Moors. Convenient to highways, shopping, entertainment, golf & UNCC. You're going to love it!

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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: Prosperity Church Road

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $116k318k

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

Neighborhood: Prosperity Church Road

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
Croft Community School Primary Regular 644 35 NA
Ridge Road Middle School Middle Regular 1,285 65 6
Mallard Creek High School High Regular 2,472 123 6

Croft Community School

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 35
NA
GreatSchools Rating

Ridge Road Middle School

  • Education Level: Middle
  • # of students: 1,285
  • # of teachers: 65
6
GreatSchools Rating

Mallard Creek High School

  • Education Level: High
  • # of students: 2,472
  • # of teachers: 123
6
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$990
Property Tax -$248
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
$170

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.

$285,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$33,804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,616

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,345
1$1,3452$1,5253$1,5904$1,6005$1,825
$1,825
RENT COMPS ANALYSIS
  • 4043 Keble Drive Charlotte, NC 3
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.85
    •  
  • 9815 Cooper Run Lane Charlotte, NC 1
    • 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,720 Sqft ∙ Built 1990
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.78
    •  
  • 5119 Eagle Creek Drive Charlotte, NC 2
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 2003
    LEASED 10/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
  • 3918 Canterbrook Drive Charlotte, NC 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1997
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 9911 Manbey Court Charlotte, NC 5
    • 3 beds 3 baths ∙ 1,981 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,981 Sqft ∙ Built 1991
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.92
    •  
PROPERTY LISTING DETAILS
Consuelo Souders
1.704.965.6866
Keller Williams Lake Norman
BESbswy