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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $153.43
- 4 Days on Market
- MLS # : 3702878
- Updated Date : 01/29/2021 at 11:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,053 sqft
- Baths : 2 full
Listing Agent
The J Bouvier Real Estate Group Llc
Listing Agent's Description
Unique and Rare find in a natural setting of Chelsea Woods. This 3 bedroom, 2 bath with basement will not last long. Gorgeous kitchen with Italian granite counters and floors, center island with gas cook top and downdraft, plenty of cabinets and counter space. Master bedroom with large walk in closet, Master bath with Italian Marble, dual sinks, separate shower and garden tub. Two spacious secondary bedrooms, full bath, 2-story Great room, Living room with gas log fireplace, laundry on main level, beautiful wood floors throughout, Open floor plan, screened porch and deck. Basement is heated and being used as "Man Cave". 900 sqft storage and Kennel area. This is a MUST SEE!
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
Zip Code: 28056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$261 | |
| Property Insurance | -$66 | |
| HOA | -$20 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$210
|
||
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.
$315,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 4.6% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
8.5
YEARS SAVED
$35,619
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,658
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
4300 Chelsea Way Gastonia, NC 4
- 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,770
- $0.86
-
211 Valleydale Drive Gastonia, NC 1
- 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 1960
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,348
- $0.76
-
4586 Huntington Drive Gastonia, NC 2
- 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 1989
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,550
- $0.82
-
3857 Streamside Drive Gastonia, NC 3
- 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 2017
LEASED 12/09/20- Rent
- Rent Per SQFT
- $1,650
- $0.82
-
3419 Donnington Way Gastonia, NC 5
- 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2014
LEASED 10/28/20- Rent
- Rent Per SQFT
- $2,030
- $0.91
PROPERTY LISTING DETAILS
1.704.616.7725
The J Bouvier Real Estate Group Llc
