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4121 Oakwood Road 
Charlotte, NC
28269
3 Beds 2 Baths 1,200 sqft
Built 1998
INVESTimate
$205,000
List Price
$60,075
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $170.83
- 2 Days on Market
- MLS # : 3640902
- Updated Date : 08/25/2020 at 14:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,200 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Carolinas Realty
Listing Agent's Description
Bring the rocking chairs, seller looking for new owner, Open floor plan, split level single story ranch, Large greatroom, dining area, kitchen with stainless steel appliances, pantry, laurndry closet, 3 bedroom, 2 full bathroom, Master bedroom with walk-in closet, master bath room with separte shower, 2 car garage and storge shed on huge lot.
SEE MORE
- 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: Nevin Community
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Nevin Community
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,060 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$179 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$95 | |
|
CASH FLOW
-$21
|
||
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.
$205,000
PROJECTED PRICE
$1,060
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 9.30% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.02% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
3.67
YEARS SAVED
$8,341
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,060
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,131
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
4121 Oakwood Road Charlotte, NC 1
- 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,060
- $0.85
-
3421 Nevin Brook Road Charlotte, NC 2
- 3 beds 3 baths ∙ 1,330 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,330 Sqft ∙ Built 2001
LEASED 10/09/19- Rent
- Rent Per SQFT
- $1,225
- $0.92
-
5132 Elizabeth Road Charlotte, NC 3
- 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 2002
LEASED 10/13/19- Rent
- Rent Per SQFT
- $1,295
- $0.88
-
5118 Cross Street Charlotte, NC 4
- 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,425 Sqft ∙ Built 2004
LEASED 11/13/19- Rent
- Rent Per SQFT
- $1,299
- $0.91
-
2319 Portola Court Charlotte, NC 5
- 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,532 Sqft ∙ Built 2013
LEASED 05/30/19- Rent
- Rent Per SQFT
- $1,395
- $0.91
PROPERTY LISTING DETAILS
1.704.763.7211
Berkshire Hathaway Homeservices Carolinas Realty
