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5745 Camp Court Sw #17 Charlotte, NC 28025

3 Beds 3 Baths 1,680 sqft Built 2021

$283,490

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $168.74
  • 3 Days on Market
  • MLS # : 3696365
  • Updated Date : 01/08/2021 at 18:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,680 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nvr Homes, Inc./ryan Homes

Listing Agent's Description

Acknowledging the pandemic, appointments are required and all parties must wear a mask. Please follow CDC guidelines. No more than three attendees per appointment. Virtual Meetings and Showings are available. Pricing is based on elevation A

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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: 28025

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k235k

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

Zip Code: 28025

ZipNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6771518

* 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
A T Allen Elementary School Primary Regular 925 59 5
C C Griffin Middle School Middle Regular 1,092 70 4
Central Cabarrus High School High Regular 1,416 88 4

A T Allen Elementary School

  • Education Level: Primary
  • # of students: 925
  • # of teachers: 59
5
GreatSchools Rating

C C Griffin Middle School

  • Education Level: Middle
  • # of students: 1,092
  • # of teachers: 70
4
GreatSchools Rating

Central Cabarrus High School

  • Education Level: High
  • # of students: 1,416
  • # of teachers: 88
4
GreatSchools Rating
 

$255,141$311,839$283,490

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$985
Property Tax -$211
Property Insurance -$59
HOA -$50
Property Management Fees -$119
CASH FLOW
$7

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.

$283,490

PROJECTED PRICE

$1,430

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,125

INVESTMENT

$77,125

Down Payment
$70,873
Rehab Estimate
$2,000
Closing Costs
$4,252

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$985

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,873
Loan Amount $212,618
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,818

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,441

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,4304$1,4455$1,475
$1,475
RENT COMPS ANALYSIS
  • 5745 Camp Court Sw Charlotte, NC 3
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2021 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.85
    •  
  • 1030 Piney Church Road Concord, NC 1
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 1999
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 853 Highlander Court Concord, NC 2
    • 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,800 Sqft ∙ Built 1999
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 5808 Firethorne Lane Concord, NC 4
    • 4 beds 3 baths ∙ 1,684 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,684 Sqft ∙ Built 2003
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.86
    •  
  • 834 Highlander Court Concord, NC 5
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1999
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jerry Smith
1.704.610.5282
Nvr Homes, Inc./ryan Homes
BESbswy