Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4268 Deacon Court Sw Concord, NC 28025

4 Beds 3 Baths 1,964 sqft Built 2000

$272,850

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $138.93
  • 4 Days on Market
  • MLS # : 3692037
  • Updated Date : 12/18/2020 at 09:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,964 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sell Your Home Services Llc

Listing Agent's Description

What I like about this house is the location. Close to Schools, shopping, and restaurants. No HOA. Granite kitchen countertops oversized garage with insulated garage door and overhead storage, All new waterproof laminate floors in the Living, Dining and Family rooms. All new carpet upstairs. Attic with pull down stairs. Gas log fireplace, Tankless water heater, plumbed water cooler, hot and cold water with no bottles. HVAC with transferable warranty replaced in 2017. Dog friendly fenced in backyard with double gate, Hi-Tech Pet fully automatic pet door, giving your dog 24 hour access.

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: Kiser Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210kPrice in $113k216k

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

Neighborhood: Kiser Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28509009501000105011001150120012501300135014001450Rent in $8401485

* 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
Rocky River Elementary School Primary Regular 771 54 2
C C Griffin Middle School Middle Regular 1,092 70 4
Central Cabarrus High School High Regular 1,416 88 4

Rocky River Elementary School

  • Education Level: Primary
  • # of students: 771
  • # of teachers: 54
2
GreatSchools Rating

C C Griffin Middle School

  • Education Level: Middle
  • # of students: 1,092
  • # of teachers: 70
4
GreatSchools Rating

Central Cabarrus High School

  • Education Level: High
  • # of students: 1,416
  • # of teachers: 88
4
GreatSchools Rating
 

$245,565$300,135$272,850

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,007
Property Tax -$288
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$107

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.

$272,850

PROJECTED PRICE

$1,580

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.57%
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

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$78,055

INVESTMENT

$78,055

Down Payment
$68,213
Rehab Estimate
$5,750
Closing Costs
$4,093

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,213
Loan Amount $204,638
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$27,332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,369

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,4503$1,4504$1,4505$1,580
$1,580
RENT COMPS ANALYSIS
  • 4268 Deacon Court Sw Concord, NC 5
    • 4 beds 3 baths ∙ 1,716 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,716 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.92
    •  
  • 1195 Thanet Street Sw Concord, NC 1
    • 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 2016
    property image
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.77
    •  
  • 965 Loch Lomond Circle Concord, NC 2
    • 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 2001
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 1115 Lofton Court Concord, NC 3
    • 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,802 Sqft ∙ Built 1999
    property image
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 1079 Chapel Creek Road Concord, NC 4
    • 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 1998
    property image
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
PROPERTY LISTING DETAILS
Dan Demers
1.877.893.6566
Sell Your Home Services Llc
BESbswy