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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $317.57
- -1 Days on Market
- MLS # : CAR3760697
- Updated Date : 07/12/2021 at 17:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,417 sqft
- Baths : 2 full
Listing Agent
Cottingham Chalk
Listing Agent's Description
Much Sought After One Story Living in incredible Southpark location. Cute as can be full brick home sits on private shaded property. Much sought after Farimeadows location on dead end street within easy walking to neighborhood voluntary swim and racquet. Great curb appeal and welcoming entrance greets you will natural light and warm toned hardwoods Open living and dining with peaceful views of large yard. Galley Kitchen with old brick character offers opportunity to create your dream kitchen. Cozy den with masonry fireplace and built - ins walks out onto screened porch to enjoy those evening breezes. An extra large patio for outdoor living and entertaining. Full privacy fence offers a great place for your dog to play. Master bedroom with ensuite and newer updates. Two other bedrooms offer layouts with front facing views and nice closets. Take shortcut path to Southpark to go for coffee, shopping or enjoying your favorite restaurants. See floorplan in attachment for room sizes.
SEE MORE
- 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: Beverly Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Beverly Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,950 |
EXPENSES | Loan Payment | -$1,563 |
Property Tax | -$392 | |
Property Insurance | -$54 | |
Property Management Fees | -$119 | |
CASH FLOW
-$178
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$450,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.48% |
Appreciation Year (1-5) | 5.8% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.31% |
Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $112,500 |
Loan Amount | $337,500 |
3.58
YEARS SAVED
$14,100
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$1.38
LIST RENT PER SQFT
-
$1,916
COMP ESTIMATED VALUE -
$1.35
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.704.533.3489
Cottingham Chalk