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4706 Titus Court 
Monroe, NC
28110
3 Beds 2 Baths 1,398 sqft
Built 1999
INVESTimate
$237,000
List Price
$68,555
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PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $169.53
- 3 Days on Market
- MLS # : 3655047
- Updated Date : 08/24/2020 at 15:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,398 sqft
- Baths : 2 full
Listing Agent
T. R. Lawing Realty, Inc.
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28110
* 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 | $1,410 |
| EXPENSES | Loan Payment | -$874 |
| Property Tax | -$125 | |
| Property Insurance | -$54 | |
| HOA | -$41 | |
| Property Management Fees | -$127 | |
|
CASH FLOW
$189
|
||
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.
$237,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 7.13% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,555
LOAN DETAILS
$874
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,250 |
| Loan Amount | $177,750 |
8.42
YEARS SAVED
$31,631
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,405
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
4706 Titus Court Monroe, NC 3
- 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,410
- $1.01
-
1000 Bitter Root Court Monroe, NC 1
- 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 2003
LEASED 12/12/19- Rent
- Rent Per SQFT
- $1,330
- $0.94
-
2219 Genesis Drive Monroe, NC 2
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2000
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,350
- $1.02
-
3017 Trellis Lane Monroe, NC 4
- 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 2002
LEASED 09/17/19- Rent
- Rent Per SQFT
- $1,425
- $1.02
-
1040 Counselors Drive Charlotte, NC 5
- 3 beds 3 baths ∙ 1,380 Sqft ∙ Built 3 beds 3 baths ∙ 1,380 Sqft ∙ Built
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,425
- $1.03
PROPERTY LISTING DETAILS
1.704.414.2045
T. R. Lawing Realty, Inc.
