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6027 Shining Oak Lane Charlotte, NC 28269

3 Beds 2 Baths 1,573 sqft Built 2000

$235,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

$68,025

Investment Est.

AVAILABLE

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SCHEDULE APPOINTMENT

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AVAILABLE

1 Year
(+6.3%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.2%
Cash Flow	$2,436
Value Increase	$15,167

10 YEAR

Cash On Cash	2.2%
Total Return	13.4%

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT

SINGLE-FAMILY

FACTS

Single Family
Built In 2000
Price/Sqft : $149.40
52 Days on Market
MLS # : 3694911
Updated Date : 02/19/2021 at 19:13

CONSTRUCTION

Beds : 3
Floor Size : 1,573 sqft
Baths : 2 full

Listing Agent

Level Up Realty Llc

Listing Agent's Description

Enjoy the convenience of Charlotte/Lake Norman/ University in this split level ranch plan with bonus over garage. This home is nearly 1600 square feet, it's Owner's Suite features a separate tub and shower. No known issues but being sold as is, no repairs will be made and price reflects this. Seller will supply 1 year home warranty with acceptable offer.

6027 Shining Oak Ln

Charlotte, North Carolina

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MARKET HIGHLIGHTS

Charlotte Market Report

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)

Neighborhood: Davis Lake - Eastfield

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

Neighborhood: Davis Lake - Eastfield

* 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
Blythe Elementary School	Primary	Regular	1,038	67	5
J.m. Alexander Middle School	Middle	Regular	865	40	4
North Mecklenburg High School	High	Regular	1,881	101	3

Blythe Elementary School

Education Level: Primary
# of students: 1,038
# of teachers: 67

GreatSchools Rating

J.m. Alexander Middle School

Education Level: Middle
# of students: 865
# of teachers: 40

GreatSchools Rating

North Mecklenburg High School

Education Level: High
# of students: 1,881
# of teachers: 101

GreatSchools Rating

FINANCIALS

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$211,500$258,50000$235,000

PURCHASE PRICE

$1,260$1,54000$1,400

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,400
EXPENSES	Loan Payment	-$816
	Property Tax	-$205
	Property Insurance	-$57
	Property Management Fees	-$119




CASH FLOW $203

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.

$235,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.48%
Appreciation Year (1-5)	6.3%
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$68,025

Down Payment	$58,750
Rehab Estimate	$5,750
Closing Costs	$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$58,750
Loan Amount	$176,250

See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$34,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,400
LIST RENT
$0.89
LIST RENT PER SQFT

$1,404
COMP ESTIMATED VALUE
$0.89
COMP AVG. RENT PER SQFT

Comps Range

$1,400

1$1,4002$1,4503$1,4754$1,5055$1,550

$1,550

RENT COMPS ANALYSIS

1,573
PROPERTY SQFT
$0.89
AVG RENT PER SQFT
$1,404
ESTIMATED VALUE
$1,400
LIST RENT

6027 Shining Oak Lane Charlotte, NC 4

3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2000
Price

Price Per SQFT

$235,000

$149.40
9216 Garnet Field Court Charlotte, NC 1

3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,673 Sqft ∙ Built 1999
SOLD 09/24/20
Price

Price Per SQFT

$212,000

$126.72
5926 Laurenfield Drive Charlotte, NC 2

3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 2000
SOLD 02/27/20
Price

Price Per SQFT

$226,900

$125.08
11513 Blue Lilac Lane Charlotte, NC 3

3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,839 Sqft ∙ Built 2000
SOLD 10/06/20
Price

Price Per SQFT

$232,000

$126.16
6024 Shining Oak Lane Charlotte, NC 5

3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 2000
SOLD 12/21/20
Price

Price Per SQFT

$240,000

$133.04

6027 Shining Oak Lane Charlotte, NC 1

3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,573 Sqft ∙ Built 2000
Rent

Rent Per SQFT

$1,400

$0.89
12013 Evergreen Hollow Drive Charlotte, NC 2

3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1997
LEASED 03/17/20
Rent

Rent Per SQFT

$1,450

$0.88
12038 Evergreen Hollow Drive Charlotte, NC 3

3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1998
LEASED 02/06/21
Rent

Rent Per SQFT

$1,475

$0.90
9026 Sanders Creek Court Charlotte, NC 4

3 beds 3 baths ∙ 1,677 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,677 Sqft ∙ Built 2002
LEASED 03/19/20
Rent

Rent Per SQFT

$1,505

$0.90
5041 Prosperity Ridge Road Charlotte, NC 5

3 beds 3 baths ∙ 1,750 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,750 Sqft ∙ Built 2004
LEASED 10/29/20
Rent

Rent Per SQFT

$1,550

$0.89

PROPERTY LISTING DETAILS

Helen Edwards Jackson
1.980.224.2386
Level Up Realty Llc

1.866.250.5610

Carolina Multiple Listing Services ( Carolina)
MLS #: 3694911
Last Updated: 02/19/2021

6027 Shining Oak Lane Charlotte, NC 28269

$235,000

$1,400

$68,025

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Blythe Elementary School

J.m. Alexander Middle School

North Mecklenburg High School

FINANCIALS

$211,500$258,50000$235,000

$1,260$1,54000$1,400

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$235,000

$1,400

0.60%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$816

10.17

$34,319

$235,000

$149.4

$200,951

$127.75

COMPS RANGE

PRICE COMPS ANALYSIS

$1,400

$0.89

$1,404

$0.89

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS