Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6313 Beith Court Charlotte, NC 28269

3 Beds 3 Baths 2,125 sqft Built 1996

$334,900

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $157.60
  • 2 Days on Market
  • MLS # : 3715600
  • Updated Date : 03/06/2021 at 20:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,125 sqft
  • Baths : 2 full , 1 half
Listing Agent

Listwithfreedom.com Inc

Listing Agent's Description

Stunning 2 story home in Highland Creek featuring 2 story vaulted great room, office, sun room and a great cook's kitchen! All new flooring for the entire house, updated kitchen with Stainless appliances and new granite counters. Beautiful master bedroom with huge master bath and walk-in closet, plus 2 more nice size bedrooms with lots of storage. The 250 square foot covered screened-in patio and outside step deck allow you to enjoy the nature preserve that is the backyard! Add in all the amenities of Highland Creek (several pools, walking trails, clubhouse, tennis courts, golf course, etc.) and easy access to 485, 77 and 85, this is the perfect home for you!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Bell's Mills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $116k318k

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

Neighborhood: Bell's Mills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441842

* 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
Highland Creek Elementary School Primary Regular 1,105 57 7
Ridge Road Middle School Middle Regular 1,285 65 6
Mallard Creek High School High Regular 2,472 123 6

Highland Creek Elementary School

  • Education Level: Primary
  • # of students: 1,105
  • # of teachers: 57
7
GreatSchools Rating

Ridge Road Middle School

  • Education Level: Middle
  • # of students: 1,285
  • # of teachers: 65
6
GreatSchools Rating

Mallard Creek High School

  • Education Level: High
  • # of students: 2,472
  • # of teachers: 123
6
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,163
Property Tax -$292
Property Insurance -$67
HOA -$55
Property Management Fees -$119
CASH FLOW
$64

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.

$334,900

PROJECTED PRICE

$1,760

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

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

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$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$25,546

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6993$1,7004$1,7605$1,825
$1,825
RENT COMPS ANALYSIS
  • 6313 Beith Court Charlotte, NC 4
    • 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.83
    •  
  • 2936 Canary Court Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 1996
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 12947 Deaton Hill Drive Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 2003
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.76
    •  
  • 5705 Whitegate Lane Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 1997
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.75
    •  
  • 9912 Dominion Crest Drive Charlotte, NC 5
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 2007
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ralph Harvey
1.855.456.4945
Listwithfreedom.com Inc
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3715600
Last Updated: 03/06/2021
BESbswy