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4300 Twenty Grand Drive # 899 
Indian Trail, NC
28079
4 Beds 3 Baths 2,784 sqft
Built 2019
INVESTimate
$364,210
List Price
$98,516
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2019
- Price/Sqft : $130.82
- 2 Days on Market
- MLS # : 3655647
- Updated Date : 08/25/2020 at 16:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,784 sqft
- Baths : 3 full
Listing Agent
Taylor Morrison Of Carolinas Inc
Listing Agent's Description
This two story, 4 bedroom, 3 bathroom features a guest suite on main level and a covered rear porch great for year round entertaining! This home boasts a bright kitchen with alpine white 42" cabinets, large island, subway tile backsplash, quartz countertops and gas SS appliances. Features such as a formal dining room and built in coat valet, laminate floors, ceramic tile throughout trey ceiling and heavy moldings add to the luxury of this open and inviting floor plan. There is a spacious master with a huge master bathroom with double vanity, oversized shower and huge walk-in closet. Book your appointment today, this home will not last long! Square footage based on blueprints and plans. Our models, sales centers and Showcase Homes are currently open BY APPOINTMENT ONLY. Please contact listing agent for more information or to schedule a tour.
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: 28079
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28079
* 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 | $1,830 |
| EXPENSES | Loan Payment | -$1,344 |
| Property Tax | -$238 | |
| Property Insurance | -$80 | |
| HOA | -$78 | |
| Property Management Fees | -$165 | |
|
CASH FLOW
-$74
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$364,210
PROJECTED PRICE
$1,830
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.34% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,516
LOAN DETAILS
$1,344
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,053 |
| Loan Amount | $273,158 |
3.67
YEARS SAVED
$15,232
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,865
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
4300 Twenty Grand Drive Indian Trail, NC 2
- 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,784 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,830
- $0.66
-
1012 Yellow Bee Road Indian Trail, NC 1
- 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,750
- $0.64
-
7006 Farm Pond Road Indian Trail, NC 3
- 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 2010
LEASED 12/18/19- Rent
- Rent Per SQFT
- $1,865
- $0.71
-
3003 Filly Drive Indian Trail, NC 4
- 5 beds 4 baths ∙ 2,654 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,654 Sqft ∙ Built 2005
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,945
- $0.73
-
1007 Emerson Lane Indian Trail, NC 5
- 5 beds 3 baths ∙ 3,029 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,029 Sqft ∙ Built 2007
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,000
- $0.66
PROPERTY LISTING DETAILS
1.614.565.9979
Taylor Morrison Of Carolinas Inc
