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5415 Beaver Creek Court Indian Trail, NC 28079

4 Beds 3 Baths 2,177 sqft Built 1999

$319,990

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $146.99
  • 4 Days on Market
  • MLS # : 3687835
  • Updated Date : 12/03/2020 at 21:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,177 sqft
  • Baths : 2 full , 1 half
Listing Agent

America's Real Estate Group Inc

Listing Agent's Description

Welcome Home to Brandon Oaks awesome community full of amenities including ponds, walking trails, tennis courts, basketball court, pools, club house and picnic area. This beautiful home located almost at a cul-de-sac has it all!! Formal Living & Dinning room, Open kitchen, breakfast and family room layout. Flat & fenced-in backyard with large patio & pergola perfect for family time & entertainment. Wood flooring & tile on main, carpet in all 4 bedrooms. Master suite includes skylight & double vanity in master bathroom. Both showers have glass sliding doors. Better than new, Roof 2018, AC 2017, Water Heater 2019, bath sinks & toilets 2020, fixtures & counter tops 2019, HVAC maintenance and termite prevention in place. Conveniently located near highways, excellent schools, shopping and restaurants.

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: Brandon Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Brandon Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Sun Valley Elementary School Primary Regular 695 45 9
Sun Valley Middle School Middle Regular 1,365 69 6
Sun Valley High School High Regular 1,306 76 7

Sun Valley Elementary School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 45
9
GreatSchools Rating

Sun Valley Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 69
6
GreatSchools Rating

Sun Valley High School

  • Education Level: High
  • # of students: 1,306
  • # of teachers: 76
7
GreatSchools Rating
 

$287,991$351,989$319,990

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,181
Property Tax -$209
Property Insurance -$68
HOA -$45
Property Management Fees -$119
CASH FLOW
-$62

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.

$319,990

PROJECTED PRICE

$1,560

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,547

INVESTMENT

$90,547

Down Payment
$79,998
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,998
Loan Amount $239,993
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$18,732

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,557

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5603$1,5954$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 5415 Beaver Creek Court Indian Trail, NC 2
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.72
    •  
  • 2014 Rosewater Lane Indian Trail, NC 1
    • 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 2004
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.67
    •  
  • 1032 Fountainbrook Drive Indian Trail, NC 3
    • 3 beds 3 baths ∙ 2,251 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,251 Sqft ∙ Built 2006
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 1011 Fountainbrook Drive Indian Trail, NC 4
    • 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2005
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 14002 Fenwick Drive Indian Trail, NC 5
    • 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2001
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
PROPERTY LISTING DETAILS
Cecilia Carbajal
1.704.519.9199
America's Real Estate Group Inc
BESbswy