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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $155.74
- 3 Days on Market
- MLS # : 3710594
- Updated Date : 02/19/2021 at 23:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,562 sqft
- Baths : 3 full , 1 half
Listing Agent
Premier Real Estate Team Inc
Listing Agent's Description
Beautiful ranch home with a very private backyard. Creek runs at the back of the property. Nice tones painted throughout. Fireplace in the Master bedroom and dining room. Granite counter tops in kitchen and bathrooms. Fairly new deck on the side of the house. Workshop area in garage. Lots of closets and storage in garage and attic. All of this under an acre in the heart of Harrisburg! This home will not last long!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Harrisburg Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harrisburg Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,386 |
| Property Tax | -$270 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$0
|
||
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.
$399,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 4.8% |
| 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
$111,485
LOAN DETAILS
$1,386
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
5.25
YEARS SAVED
$21,871
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,857
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
425 Autumn Drive Harrisburg, NC 4
- 4 beds 4 baths ∙ 2,562 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,562 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,850
- $0.72
-
5940 Hickory Hollow Court Harrisburg, NC 1
- 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2001
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,665
- $0.69
-
5927 Hickory Hollow Court Harrisburg, NC 2
- 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2001
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,800
- $0.69
-
4805 Walnut Grove Street Harrisburg, NC 3
- 5 beds 3 baths ∙ 2,489 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,489 Sqft ∙ Built 2002
LEASED 09/18/19- Rent
- Rent Per SQFT
- $1,850
- $0.74
-
5798 Crimson Oak Court Harrisburg, NC 5
- 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2001
LEASED 04/02/20- Rent
- Rent Per SQFT
- $2,095
- $0.76
PROPERTY LISTING DETAILS
1.704.467.6283
Premier Real Estate Team Inc
MLS #: 3710594
Last Updated: 02/19/2021
