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4850 Annelise Drive Harrisburg, NC 28075

5 Beds 3 Baths 3,110 sqft Built 2010

$385,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $123.79
  • 3 Days on Market
  • MLS # : 3678270
  • Updated Date : 11/02/2020 at 22:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,110 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Huntersville

Listing Agent's Description

Beautiful Harrisburg Home in the attractive and highly coveted Litchfield Village neighborhood. This bright and airy home welcomes you from the moment you walk in the door. With over-sized windows, shining wood floors throughout the main level and fireplace in the family room, you are sure to feel right at home. The well appointed kitchen includes stainless steel appliances, granite countertops, a center island and flows into the family room creating the perfect open floor plan for entertaining. Your guests will enjoy the comforts of home in the main level guest quarters with full bathroom. Four additional bedrooms can be found on the second level including the spacious master suite which offers a quiet place to relax, large private bathroom with soaking tub and a grand closet/dressing room with built-ins and clothing island. Outside you will find an impressive custom stone patio with built in fire-pit and seating wall, perfect for gatherings. Don't wait, act now!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Litchfield Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $118k347k

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

Neighborhood: Litchfield Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8442097

* 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
Harrisburg Elementary School Primary Regular 912 53 8
Hickory Ridge Middle School Middle Regular 1,164 65 NA
Hickory Ridge High School High Regular 1,573 77 7

Harrisburg Elementary School

  • Education Level: Primary
  • # of students: 912
  • # of teachers: 53
8
GreatSchools Rating

Hickory Ridge Middle School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 65
NA
GreatSchools Rating

Hickory Ridge High School

  • Education Level: High
  • # of students: 1,573
  • # of teachers: 77
7
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,420
Property Tax -$260
Property Insurance -$86
HOA -$52
Property Management Fees -$167
CASH FLOW
-$125

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.

$385,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $1,952

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,8604$1,8955$2,149
$2,149
RENT COMPS ANALYSIS
  • 4850 Annelise Drive Harrisburg, NC 3
    • 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,110 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.60
    •  
  • 8927 Merrie Rose Avenue Charlotte, NC 1
    • 5 beds 3 baths ∙ 2,960 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,960 Sqft ∙ Built 2007
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.61
    •  
  • 4857 Annelise Drive Harrisburg, NC 2
    • 5 beds 3 baths ∙ 3,191 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,191 Sqft ∙ Built 2010
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.58
    •  
  • 8378 Burgundy Ridge Drive Harrisburg, NC 4
    • 5 beds 3 baths ∙ 3,058 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,058 Sqft ∙ Built 2006
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.62
    •  
  • 9329 Swimming Drive Harrisburg, NC 5
    • 5 beds 5 baths ∙ 3,053 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,053 Sqft ∙ Built 2015
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,149
    • $0.70
    •  
PROPERTY LISTING DETAILS
Jennifer Foster
1.704.840.6711
Keller Williams Huntersville
BESbswy