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4708 Christina Court #27 Gastonia, NC 28056

4 Beds 3 Baths 2,400 sqft Built 2020

$318,575

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $132.74
  • 3 Days on Market
  • MLS # : 3688647
  • Updated Date : 12/04/2020 at 03:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,400 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sdh Charlottte Llc

Listing Agent's Description

Welcome Home to the Morgan B plan which will be move in ready March 2021. A welcoming, long front porch and foyer entry greet you in the Morgan. This dynamic home design has a flowing and functional first floor that includes upgraded kitchen cabinets, generous counter space and island with granite tops and a breakfast nook with an over-sized walk-in pantry and a separate mud room area to keep the clutter away. The first floor has also been upgraded with engineered vinyl plank flooring throughout. A spacious second floor accommodates the luxurious owner's suite with very large walk-in closets plus three secondary bedrooms and all bath. Also, a convenient laundry room and loft at the top of the landing for a desk or play space.**ALL PHOTOS ARE REPRESENTATIVE**

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: Garden Pointe

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $81k318k

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

Neighborhood: Garden Pointe

ZipNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500160017001800Rent in $6901809

* 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
New Hope Elementary School Primary Regular 542 27 7
Cramerton Middle School Middle Regular 833 42 8
South Point High School High Regular 1,101 61 6

New Hope Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 27
7
GreatSchools Rating

Cramerton Middle School

  • Education Level: Middle
  • # of students: 833
  • # of teachers: 42
8
GreatSchools Rating

South Point High School

  • Education Level: High
  • # of students: 1,101
  • # of teachers: 61
6
GreatSchools Rating
 

$286,718$350,433$318,575

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,175
Property Tax -$205
Property Insurance -$72
HOA -$42
Property Management Fees -$119
CASH FLOW
$296

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.

$318,575

PROJECTED PRICE

$1,910

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$86,422

INVESTMENT

$86,422

Down Payment
$79,644
Rehab Estimate
$2,000
Closing Costs
$4,779

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,175

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,644
Loan Amount $238,931
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$64,551

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,896

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,8753$1,8754$1,8755$1,910
$1,910
RENT COMPS ANALYSIS
  • 4708 Christina Court Gastonia, NC 5
    • 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,400 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.80
    •  
  • 4917 Wilcrest Court Gastonia, NC 1
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2019
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.79
    •  
  • 6161 Rosemore Lane Gastonia, NC 2
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2019
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.79
    •  
  • 4933 Wilcrest Court Gastonia, NC 3
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2019
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.79
    •  
  • 4817 Weber Court Gastonia, NC 4
    • 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,366 Sqft ∙ Built 2019
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.79
    •  
PROPERTY LISTING DETAILS
Jamie Warner
1.704.562.1336
Sdh Charlottte Llc
BESbswy