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4487 Pebblebrook Circle Sw Concord, NC 28027

3 Beds 2 Baths 1,332 sqft Built 2021

$259,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $195.12
  • 5 Days on Market
  • MLS # : 3719190
  • Updated Date : 03/21/2021 at 01:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,332 sqft
  • Baths : 2 full
Listing Agent

Re/max Executive

Listing Agent's Description

New Construction! This 3 Bedroom 2 Full Bath home has many upgrades. Smooth Ceilings with Recessed Lighting. Quartz Counter Tops in the Kitchen and Both Bathrooms. The Kitchen features a tile backsplash and stainless steel appliances. Luxury Vinyl Flooring that looks like wood flooring in the kitchen, dining room, living room, hallway, and both bathrooms. Ceiling fans in the living room and all bedrooms. Carpet in all bedrooms. Large Master Suite which features a walk in closet, dual vanity sinks, and oversized tub/shower combo. Covered Front Porch and a Huge 12x14 Covered Back porch with an outdoor ceiling fan. This home has a huge .69 Acre lot.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Pebblebrook Acres

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $113k248k

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

Neighborhood: Pebblebrook Acres

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8401526

* 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
Wolf Meadow Elementary School Primary Regular 594 42 3
Central Cabarrus High School High Regular 1,416 88 4

Wolf Meadow Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 42
3
GreatSchools Rating

Central Cabarrus High School

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

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

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$903
Property Tax -$196
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$50

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$259,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 3.00%
Vacancy 6.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,874

INVESTMENT

$70,874

Down Payment
$64,975
Rehab Estimate
$2,000
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

6.25

YEARS SAVED

$18,349

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,319

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,2503$1,3204$1,450
$1,450
RENT COMPS ANALYSIS
  • 4487 Pebblebrook Circle Sw Concord, NC 3
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.99
    •  
  • 4873 Renfrew Drive Concord, NC 1
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1999
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.97
    •  
  • 5217 Tealstone Court Concord, NC 2
    • 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,255 Sqft ∙ Built 1998
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.00
    •  
  • 4337 Fescue Place Concord, NC 4
    • 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 2002
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
PROPERTY LISTING DETAILS
Bradley Cohen
1.980.521.8352
Re/max Executive
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3719190
Last Updated: 03/21/2021
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