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6129 Hawk View Road Waxhaw, NC 28173

4 Beds 3 Baths 2,860 sqft Built 2018

$329,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $115.03
  • 7 Days on Market
  • MLS # : 3674090
  • Updated Date : 10/29/2020 at 13:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,860 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Executive

Listing Agent's Description

Looking for a home in a quiet community, with a large lot, and modern features? Look no further! This like new home sits on over an acre, with plenty of space for endless outdoor activities! Inside, you'll find an open floor plan, complete with spacious kitchen, granite counter tops, tile backsplash, and a butler's pantry for additional storage! An open floor plan, breakfast nook and formal dining room are the perfect spots for entertaining! Upstairs includes a loft space, generous sized bedrooms, and an owner's suite complete with walk in closet, tile shower and dual sink vanity! Too many features to list! USDA Eligible!

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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: 28173

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $118k399k

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

Zip Code: 28173

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900200021002200Rent in $8442248

* 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
Waxhaw Elementary School Primary Regular 631 37 4
Parkwood Middle School Middle Regular 965 55 7
Parkwood High School High Regular 1,006 57 5

Waxhaw Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 37
4
GreatSchools Rating

Parkwood Middle School

  • Education Level: Middle
  • # of students: 965
  • # of teachers: 55
7
GreatSchools Rating

Parkwood High School

  • Education Level: High
  • # of students: 1,006
  • # of teachers: 57
5
GreatSchools Rating
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,214
Property Tax -$252
Property Insurance -$81
HOA -$38
Property Management Fees -$189
CASH FLOW
$326

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.

$329,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

9.83

YEARS SAVED

$55,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,1003$2,495
$2,495
RENT COMPS ANALYSIS
  • 6129 Hawk View Road Waxhaw, NC 2
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.73
    •  
  • 6003 Hawk View Road Waxhaw, NC 1
    • 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,758 Sqft ∙ Built 2016
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
  • 6603 Buck Horn Place Waxhaw, NC 3
    • 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2016
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.81
    •  
PROPERTY LISTING DETAILS
Joanna Warren
1.704.226.8189
Re/max Executive
BESbswy