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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $127.77
- 5 Days on Market
- MLS # : 3691940
- Updated Date : 12/19/2020 at 00:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,487 sqft
- Baths : 2 full , 1 half
Listing Agent
Better Homes And Gardens Real Estate Paracle
Listing Agent's Description
South Gastonia 2 Story! Move in Ready! 3 Bedrooms plus Bonus/4thBedroom, 2 1/2 Baths, Living Room w/FP, Dining Room, Utility room, Deck, Level Lot and 1 Car Attached Garage. Spacious floorpan. Great lot. Priced to sell. Won't last long! Book your showing now!
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
Zip Code: 28054
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28054
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,240 |
| EXPENSES | Loan Payment | -$701 |
| Property Tax | -$158 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$207
|
||
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.
$189,995
PROJECTED PRICE
$1,240
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.94% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.02% |
| 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
$56,099
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,499 |
| Loan Amount | $142,496 |
10.75
YEARS SAVED
$35,733
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,240
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,234
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
618 Tryon Place Gastonia, NC 2
- 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $1,240
- $0.83
-
2019 Sarn Court Gastonia, NC 1
- 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1990
![property image]()
LEASED 07/05/19- Rent
- Rent Per SQFT
- $1,206
- $0.87
-
1278 Morrocroft Trail Gastonia, NC 3
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1993
![property image]()
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,325
- $0.87
-
3812 Schenley Avenue Gastonia, NC 4
- 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 2016
![property image]()
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,399
- $0.78
-
1423 Rivermont Drive Gastonia, NC 5
- 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,778 Sqft ∙ Built 1984
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,425
- $0.80
PROPERTY LISTING DETAILS
1.704.430.3748
Better Homes And Gardens Real Estate Paracle
