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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $144.33
- 3 Days on Market
- MLS # : 3697015
- Updated Date : 01/08/2021 at 20:32
CONSTRUCTION
- Beds : 5
- Floor Size : 2,134 sqft
- Baths : 2 full , 1 half
Listing Agent
Nvr Homes, Inc./ryan Homes
Listing Agent's Description
An open-concept main level, with a kitchen that can have an eat-at island to easily seat 3 which flows into a dinette and large great room. Upstairs you’ll find 5 bedrooms, linen closet, and laundry room. The owner’s bedroom has an en-suite bath and 2 walk in closets All appliances included! Serene community with 2 lakes, while still convenient to I-85 and I-77. Seller will contribute $5,000 towards closing costs with the use of our preferred lender. To be built.
SEE MORE
- 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: Hamilton Circle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hamilton Circle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$285 | |
| Property Insurance | -$67 | |
| HOA | -$29 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$320
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$307,990
PROJECTED PRICE
$1,890
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 9.2% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.02% |
| 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
$83,617
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,998 |
| Loan Amount | $230,993 |
11.08
YEARS SAVED
$53,013
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,849
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
5134 Downhaul Drive Charlotte, NC 3
- 5 beds 3 baths ∙ 2,134 Sqft ∙ Built 2021 5 beds 3 baths ∙ 2,134 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,890
- $0.89
-
3632 Ribbonwalk Trail Charlotte, NC 1
- 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,824 Sqft ∙ Built 2007
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,495
- $0.82
-
4523 Trillium Fields Drive Charlotte, NC 2
- 5 beds 3 baths ∙ 1,936 Sqft ∙ Built 2006 5 beds 3 baths ∙ 1,936 Sqft ∙ Built 2006
LEASED 07/11/19- Rent
- Rent Per SQFT
- $1,599
- $0.83
-
3013 Auten Avenue Charlotte, NC 4
- 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,100 Sqft ∙ Built 2018
LEASED 09/09/20- Rent
- Rent Per SQFT
- $2,000
- $0.95
PROPERTY LISTING DETAILS
1.704.610.5282
Nvr Homes, Inc./ryan Homes
