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4406 Hepburn Court Monroe, NC 28110

3 Beds 2 Baths 1,359 sqft Built 1994

$259,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $191.24
  • 2 Days on Market
  • MLS # : 3703205
  • Updated Date : 01/30/2021 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,359 sqft
  • Baths : 2 full
Listing Agent

Emerald Pointe Realty

Listing Agent's Description

Don't miss out on this all brick ranch home nestled on a quiet lot in the Poplin/Porter Ridge School District. This home offers LVP and Tile throughout. In the kitchen all appliances remain and there is lots of cabinets for storage. In the Family room have fun creating lots of memories around the wood burning fireplace. The Master Bedroom is spacious and offers a walk in close. In the Master Bath there is a garden tub and separate shower as well as double vanities. There are two other spacious bedrooms that share a bathroom as well. Outside you will find a fenced in back yard with wood deck perfect for kids, dogs and entertaining. Don't miss out on this home!! It won't last long.

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

Zip Code: 28110

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210kPrice in $113k215k

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

Zip Code: 28110

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350Rent in $8011375

* 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
Porter Ridge Elementary School Primary Regular 479 31 6
Piedmont Middle School Middle Regular 1,097 55 7
Piedmont High School High Regular 1,244 65 8

Porter Ridge Elementary School

  • Education Level: Primary
  • # of students: 479
  • # of teachers: 31
6
GreatSchools Rating

Piedmont Middle School

  • Education Level: Middle
  • # of students: 1,097
  • # of teachers: 55
7
GreatSchools Rating

Piedmont High School

  • Education Level: High
  • # of students: 1,244
  • # of teachers: 65
8
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$903
Property Tax -$137
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$118

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.

$259,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 7.1%
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

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$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$25,492

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,345

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3303$1,3954$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 4406 Hepburn Court Monroe, NC 2
    • 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,359 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.98
    •  
  • 4621 Winterberry Lane Monroe, NC 1
    • 3 beds 3 baths ∙ 1,344 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,344 Sqft ∙ Built 1999
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
  • 2928 Rosemeade Drive Monroe, NC 3
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1998
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
  • 2912 Rosemeade Drive Monroe, NC 4
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1998
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.07
    •  
  • 2908 Early Mist Court Monroe, NC 5
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1998
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
PROPERTY LISTING DETAILS
Brian Benton
1.980.328.3597
Emerald Pointe Realty
BESbswy