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5067 Lily Pond Circle Waxhaw, NC 28173

4 Beds 4 Baths 2,796 sqft Built 2018

$459,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $164.16
  • -13 Days on Market
  • MLS # : CAR3760742
  • Updated Date : 07/12/2021 at 15:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,796 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Ballantyne Area

Listing Agent's Description

Looking for a Home with more space? Gorgeous Picturesque wide street complete with Screened in Porch, Great Backyard .Covered Front Porch opens into a Foyer w/ a Spacious Dining Room and a Butlers Pantry that leads into an Eat in Kitchen w/ White Cabinets - Granite Counters - Lge Island - SS Appl. w/ Gas Range/Oven -Open Floor Plan w/ Breakfast Area w/ a Massive Sunlight Great room w/ Cozy Vented Fireplace and Built in Cabinets. Detailed Custom Woodwork- Spacious Owners Suite w. Spa Like Bath a 2 Lg. Walk in Closet. 3 Additional Large Bedrooms w/ Walk in Closets and 2 more Full Baths. Laundry Room convenient Location. Nice sized loft area for Study or Movie Night. Lennar’s Connected Home features Wifi connectivity to ensure you’re living the most comfortable and efficient life possible.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,594
Property Tax -$352
Property Insurance -$80
HOA -$68
Property Management Fees -$119
CASH FLOW
$297

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.

$459,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.55%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$56,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,453

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,4503$2,4504$2,5105$2,600
$2,600
RENT COMPS ANALYSIS
  • 5067 Lily Pond Circle Waxhaw, NC 4
    • 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.90
    •  
  • 3144 Deep River Way Waxhaw, NC 1
    • 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2021 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2021
    LEASED 04/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.83
    •  
  • 7067 Hamilton Mill Drive Waxhaw, NC 2
    • 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2019
    LEASED 03/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.87
    •  
  • 2000 Lily Pond Circle Waxhaw, NC 3
    • 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2018
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
  • 1037 Bannister Road Waxhaw, NC 5
    • 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2019
    LEASED 06/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Aly Carlson
1.203.215.1679
Keller Williams Ballantyne Area
BESbswy