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4163 Bristol Place Nw Concord, NC 28027

4 Beds 3 Baths 2,577 sqft Built 1996

$341,100

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $132.36
  • 4 Days on Market
  • MLS # : 3711544
  • Updated Date : 02/25/2021 at 10:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,577 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams South Park

Listing Agent's Description

Welcome home to this serene 2 story home with 4 bedrooms and 2.5 baths found in the Oak Park subdivision, a location just a short drive from Vietnam Veterans Parks and Carolina Malls. Entertain guests in the spacious living area accentuated with a warm fireplace perfect for chilly nights that welcomes you upon entry. It also opens up to a well-lit dining area highlighted with large windows and a well-equipped kitchen perfect for prepping meals. The main floor also boasts a lovely wooden deck to enjoy your coffee sessions. The upper level contains an excellent primary suite that provides utmost leisure after a long tiring day. Additional 3 bedrooms with a shared bath are also available for hosting guests a few steps from the primary bedroom. To see is to believe! Come schedule your visit today.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Oak Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Oak Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8401809

* 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
Charles E. Boger Elementary School Primary Regular 803 49 4
Northwest Cabarrus Middle School Middle Regular 905 58 4
Northwest Cabarrus High School High Regular 1,198 72 3

Charles E. Boger Elementary School

  • Education Level: Primary
  • # of students: 803
  • # of teachers: 49
4
GreatSchools Rating

Northwest Cabarrus Middle School

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 58
4
GreatSchools Rating

Northwest Cabarrus High School

  • Education Level: High
  • # of students: 1,198
  • # of teachers: 72
3
GreatSchools Rating
 

$306,990$375,210$341,100

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,185
Property Tax -$387
Property Insurance -$76
HOA -$33
Property Management Fees -$119
CASH FLOW
$1

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.

$341,100

PROJECTED PRICE

$1,800

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.6%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$96,142

INVESTMENT

$96,142

Down Payment
$85,275
Rehab Estimate
$5,750
Closing Costs
$5,117

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,185

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,275
Loan Amount $255,825
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$19,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8004$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 4163 Bristol Place Nw Concord, NC 3
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
  • 4094 Deerfield Drive Concord, NC 1
    • 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 1998
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.65
    •  
  • 553 Hamberton Court Concord, NC 2
    • 3 beds 3 baths ∙ 2,512 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,512 Sqft ∙ Built 2003
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
  • 4186 Bristol Place Concord, NC 4
    • 3 beds 3 baths ∙ 2,465 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,465 Sqft ∙ Built 1999
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 533 Montgrove Place Nw Concord, NC 5
    • 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 2006
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
PROPERTY LISTING DETAILS
Trent Corbin
1.704.628.4066
Keller Williams South Park
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3711544
Last Updated: 02/25/2021
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