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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $223.05
- 2 Days on Market
- MLS # : CAR3761520
- Updated Date : 07/12/2021 at 15:57
CONSTRUCTION
- Beds : 4
- Floor Size : 1,748 sqft
- Baths : 2 full , 1 half
Listing Agent
Homelister, Inc.
Listing Agent's Description
Looking for a great home in a neighborhood with no HOA? No need to look any further. This "move in" ready home, located in Stonewood subdivision in Stallings, is 4 bedroom, 2 1/2 bath, and two stories on almost a half acre. The home sits on a large, treed corner lot which includes 3 fruit bearing trees (loaded with fruit) apple, peach and pear. The home is located in the Sun Valley School District in Union County. The property boasts a sideload two car garage, three season sunroom 10' x 12', nice sized deck, a 10' x 20' storage building/workshop with loft, and a 8' x 10' storage building. The house has the following improvements: Bamboo laminate flooring on the first floor (2017), new carpeting on the second floor (2017), new roof (2018), new HVAC including gas furnace (2019), freshly painted (2021), refaced cabinets (2021), and many other improvements. You have to see this home to appreciate it.
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: Stallings
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stallings
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,354 |
| Property Tax | -$261 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$114
|
||
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.
$389,900
PROJECTED PRICE
$1,680
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,074
LOAN DETAILS
$1,354
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,475 |
| Loan Amount | $292,425 |
4.25
YEARS SAVED
$15,836
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,717
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
5043 Weatherly Way Stallings, NC 1
- 4 beds 3 baths ∙ 1,748 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,748 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,680
- $0.96
-
1153 Hammond Drive Matthews, NC 2
- 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 2004
LEASED 11/08/20- Rent
- Rent Per SQFT
- $1,695
- $0.98
-
314 Pond Place Lane Matthews, NC 3
- 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2018
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,700
- $0.97
-
5193 Poplar Glen Drive Matthews, NC 4
- 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,725 Sqft ∙ Built 1995
LEASED 08/02/20- Rent
- Rent Per SQFT
- $1,715
- $0.99
-
2014 Blue Pond Road Matthews, NC 5
- 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,913 Sqft ∙ Built 2020
LEASED 03/03/21- Rent
- Rent Per SQFT
- $1,895
- $0.99
PROPERTY LISTING DETAILS
1.855.400.8566
Homelister, Inc.
