Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4949 Huddersfield Drive Harrisburg, NC 28075

4 Beds 4 Baths 3,187 sqft Built 2000

$449,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $140.88
  • 7 Days on Market
  • MLS # : 3687120
  • Updated Date : 12/12/2020 at 14:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,187 sqft
  • Baths : 3 full , 1 half
Listing Agent

G2 Real Estate

Listing Agent's Description

Beautiful brick home on a large corner lot in highly sought after Clare Haven. This 4 Bed/3.5 Bath 2-story home w/ Primary Suite on main boasts professional landscaping & in-ground irrigation system, upgraded kitchen includes granite countertops, tile backsplash, custom cabinets, two pantries, & top of the line KitchenAid appliances. Open great room w/ gas log fp. Beautiful hardwoods. Main level crown & chair moldings throughout. Large Primary Suite offers dual vanities. garden tub & separate shower. Spacious laundry room w/ utility sink & cabinets on main. Wrought iron staircase leads upstairs to second Primary Suite w/ sitting area & bath. Upstairs includes another great room, 2 bedrooms & bath. Incredible 3 car garage w/ built-in cabinets, epoxy floor & utility sink. 2019-2020 updates include carpet & blinds downstairs,entire home painted,door hardware, garage floor epoxy finish,irrigation system,HVAC, appliance & gas fireplace serviced. New roof 2017. Must see before it's gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Clare Haven

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $118k345k

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

Neighborhood: Clare Haven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8441905

* 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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,657
Property Tax -$354
Property Insurance -$87
HOA -$10
Property Management Fees -$119
CASH FLOW
-$207

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.

$449,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.45%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,064

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9954$2,0205$2,149
$2,149
RENT COMPS ANALYSIS
  • 4949 Huddersfield Drive Harrisburg, NC 4
    • 4 beds 4 baths ∙ 3,187 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,187 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.63
    •  
  • 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
    property image
    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
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.58
    •  
  • 5650 Berry Ridge Drive Harrisburg, NC 3
    • 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,854 Sqft ∙ Built 2000
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.70
    •  
  • 9329 Swimming Drive Harrisburg, NC 5
    • 5 beds 5 baths ∙ 3,053 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,053 Sqft ∙ Built 2015
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,149
    • $0.70
    •  
PROPERTY LISTING DETAILS
Brian Gilmore
1.980.521.3013
G2 Real Estate
BESbswy