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

#70 Augustus Beamon Drive #15 Indian Trail, NC 28079

3 Beds 3 Baths 2,626 sqft Built 2020

$382,490

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $145.65
  • 6 Days on Market
  • MLS # : 3716663
  • Updated Date : 03/09/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,626 sqft
  • Baths : 3 full
Listing Agent

Nvr Homes, Inc./ryan Homes

Listing Agent's Description

Sophisticated one and a half story home located in Union county in a great central location to Indian Trail, Waxhaw, Matthews & South Charlotte. This generous single family home features a stylish interior and the community features wooded homesites with included lawn maintenance. The Palladio has everything you need. The kitchen is bright and open with a walk in pantry and an oversized island that overlooks the expansive dining and great room. The owner’s suite is serene and features a large walk in closet and en-suite bath. Located on the second floor is a secluded bedroom and full bath plus a functional loft great for movie night or a game room. The possibilities are endless. Best of all relax outdoors on the sprawling covered porch. Moore Farm will feature miles of natural walking trails and a Farm House style clubhouse and pool. HOME IS TO BE BUILT. DELIVERY DATE IS SUBJECT TO CHANGE.

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

Zip Code: 28079

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Zip Code: 28079

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Indian Trail Elementary School Primary Regular 682 41 9
Sun Valley Middle School Middle Regular 1,365 69 6
Sun Valley High School High Regular 1,306 76 7

Indian Trail Elementary School

  • Education Level: Primary
  • # of students: 682
  • # of teachers: 41
9
GreatSchools Rating

Sun Valley Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 69
6
GreatSchools Rating

Sun Valley High School

  • Education Level: High
  • # of students: 1,306
  • # of teachers: 76
7
GreatSchools Rating
 

$344,241$420,739$382,490

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,329
Property Tax -$250
Property Insurance -$77
HOA -$171
Property Management Fees -$119
CASH FLOW
-$145

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$382,490

PROJECTED PRICE

$1,800

PROJECTED RENT

0.47%

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) 3.00%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,360

INVESTMENT

$103,360

Down Payment
$95,623
Rehab Estimate
$2,000
Closing Costs
$5,737

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,329

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,623
Loan Amount $286,868
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,539

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,845

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8003$1,8504$1,9955$2,095
$2,095
RENT COMPS ANALYSIS
  • #70 Augustus Beamon Drive Indian Trail, NC 2
    • 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.69
    •  
  • 14002 Fenwick Drive Indian Trail, NC 1
    • 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,360 Sqft ∙ Built 2001
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.70
    •  
  • 3016 Corrona Lane Indian Trail, NC 3
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 2014
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.66
    •  
  • 4001 Sentinel Drive Indian Trail, NC 4
    • 4 beds 4 baths ∙ 2,731 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,731 Sqft ∙ Built 2005
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
  • 2024 Sentinel Drive Indian Trail, NC 5
    • 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2002
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.72
    •  
PROPERTY LISTING DETAILS
Jerry Smith
1.704.610.5282
Nvr Homes, Inc./ryan Homes
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3716663
Last Updated: 03/09/2021
BESbswy