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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $189.99
- 8 Days on Market
- MLS # : 3682660
- Updated Date : 11/18/2020 at 11:09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,237 sqft
- Baths : 2 full , 1 half
Listing Agent
Nestlewood Realty, Llc
Listing Agent's Description
The home you've been waiting for! Stonehaven's finest full brick two story property. This home features 4 bed, 2.5 bath fully updated on a quiet street. Over 2200 square feet, main level has a functional flowing floor plan. Tastefully updated kitchen with granite, stainless appliances, beautiful white cabinetry and is open to your dining area. Separate cozy den with wood burning fireplace and built-ins. Gorgeous hardwoods throughout. New lighting. Coveted back sunroom that steps out onto your private deck. Large laundry on main. Fully fenced yard. Large master suite with dual vanity and tile shower. This house checks every box! 2019 New A/C and furnace (downstairs). A short drive to the heart of South Park, the Arboretum and a straight shot into Uptown. Don't miss this classic opportunity!
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: Stonehaven
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonehaven
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$393 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$194 | |
|
CASH FLOW
-$74
|
||
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.
$425,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 7.2% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
3.92
YEARS SAVED
$18,884
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,326
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
7025 Rocky Falls Road Charlotte, NC 4
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $2,150
- $0.96
-
7101 Valley Haven Drive Charlotte, NC 1
- 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 1975
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.94
-
1311 Mclaughlin Drive Charlotte, NC 2
- 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1975
![property image]()
LEASED 01/19/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
-
1317 Piccadilly Drive Charlotte, NC 3
- 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,949 Sqft ∙ Built 1985
![property image]()
LEASED 12/30/19- Rent
- Rent Per SQFT
- $2,000
- $1.03
-
818 Ashmeade Road Charlotte, NC 5
- 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1970 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1970
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.13
PROPERTY LISTING DETAILS
1.704.577.1130
Nestlewood Realty, Llc
