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

5000 Lily Pond Circle Waxhaw, NC 28173

5 Beds 4 Baths 2,647 sqft Built 2019

$460,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $173.78
  • 4 Days on Market
  • MLS # : 3704363
  • Updated Date : 02/18/2021 at 13:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,647 sqft
  • Baths : 4 full
Listing Agent

Johnson Group Partners Llc

Listing Agent's Description

This beautifully built craftsman style home was built by Lennar in the very desirable Millbridge Community. This basement home features our signature "Everything's Included" program. It has a very open concept with guest room on main, a flex room perfect for formal dining or a office space and a full bathroom. There are an additional four bedrooms up (inc. owners suite), one of which has a private bathroom. The basement has been left unfinished so that you can design it the way you like with endless possibilities. This home is energy star certified, so that you can safe on your electricity bill and WIFI certified. The community has award winning amenities - Community House w/ café, state of the art fitness center, pools w/ slides & splash park, lazy river, airnasium w/ basketball, play grounds, walking trails. Millbridge is the only Waxhaw community with a full time Activity Director!

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

Zip Code: 28173

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $118k399k

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

Zip Code: 28173

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900200021002200Rent in $8442248

* 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
Kensington Elementary School Primary Regular 691 42 9
Cuthbertson Middle School Middle Regular 1,132 59 10
Cuthbertson High School High Regular 1,449 69 9

Kensington Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 42
9
GreatSchools Rating

Cuthbertson Middle School

  • Education Level: Middle
  • # of students: 1,132
  • # of teachers: 59
10
GreatSchools Rating

Cuthbertson High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 69
9
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,598
Property Tax -$353
Property Insurance -$77
HOA -$68
Property Management Fees -$119
CASH FLOW
$46

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.

$460,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.0%
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$1.4M

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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$31,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,257

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2603$2,2984$2,3005$2,425
$2,425
RENT COMPS ANALYSIS
  • 5000 Lily Pond Circle Waxhaw, NC 2
    • 5 beds 4 baths ∙ 2,647 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,647 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.85
    •  
  • 1061 Easley Street Waxhaw, NC 1
    • 5 beds 4 baths ∙ 2,712 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,712 Sqft ∙ Built 2018
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.83
    •  
  • 1018 Easley Street Waxhaw, NC 3
    • 5 beds 4 baths ∙ 2,750 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,750 Sqft ∙ Built 2018
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,298
    • $0.84
    •  
  • 7055 Hamilton Mill Drive Waxhaw, NC 4
    • 5 beds 4 baths ∙ 2,656 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,656 Sqft ∙ Built 2018
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
  • 4040 Shadowbrook Road Waxhaw, NC 5
    • 5 beds 4 baths ∙ 2,724 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,724 Sqft ∙ Built 2019
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kristena Johnson
1.704.802.5007
Johnson Group Partners Llc
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3704363
Last Updated: 02/18/2021
BESbswy