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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $132.63
- 11 Days on Market
- MLS # : 3686291
- Updated Date : 12/13/2020 at 20:03
CONSTRUCTION
- Beds : 3
- Floor Size : 2,789 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams South Park
Listing Agent's Description
Beautifully maintained home in amenity rich Berewick! Large kitchen with granite countertops, breakfast area and walk in pantry, is open to the spacious family room featuring a beautiful floor to ceiling stone gas fireplace. Walk through the double French doors and onto the stone accented patio - perfect for grilling in your private, landscaped backyard. Main level also features a formal dining room that could double as an office. Upstairs, you will find the master bedroom featuring a large bath with double sinks and a generously sized walk in closet; two additional bedrooms; a full size bathroom and a large laundry room with plenty of storage. Also on this level is a spacious SECOND LIVING AREA featuring a walk in closet - perfect for an office, a game room or could easily be converted to a 4th bedroom. Home is equipped with solar panels which will keep your utility bills lower than you thought possible. A whole house generator is wired to the solar panels and included with the home.
SEE MORE
- 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: Berewick
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Berewick
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$326 | |
| Property Insurance | -$80 | |
| HOA | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$34
|
||
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.
$369,900
PROJECTED PRICE
$1,990
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,774
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
6.08
YEARS SAVED
$30,070
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,106
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
6105 Trailwater Road Charlotte, NC 1
- 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,789 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,990
- $0.71
-
10109 Halkirk Manor Lane Charlotte, NC 2
- 3 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,696 Sqft ∙ Built 2005
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.74
-
5908 Bonny Bridge Court Charlotte, NC 3
- 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 2006
LEASED 05/30/20- Rent
- Rent Per SQFT
- $2,095
- $0.78
-
10128 Halkirk Manor Lane Charlotte, NC 4
- 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2008
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,175
- $0.75
-
6115 Breckfield Court Charlotte, NC 5
- 4 beds 3 baths ∙ 2,932 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,932 Sqft ∙ Built 2006
LEASED 11/23/20- Rent
- Rent Per SQFT
- $2,195
- $0.75
PROPERTY LISTING DETAILS
1.704.617.3404
Keller Williams South Park
