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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $187.15
- 3 Days on Market
- MLS # : No MLS Number
CONSTRUCTION
- Beds : 3
- Floor Size : 1,518 sqft
- Baths : 2 full , 1 half
Listing Agent
Tobin
Listing Agent's Description
lot 137. Stylish Gray kitchen cabinets compliment the granite counter tops. Stainless steel smooth top range, microwave and dishwasher are included. Family room features cozy fireplace with mantle. Upstairs is the laundry room, hall bath and 2 bedrooms. Completing the upstairs is the owner's suite with vaulted ceiling, bath with dual sinks, linen closet and 5ft shower and walk in closet. Exceptional floor plan in brand new community. Home Is Connected? includes programmable thermostat, Z-Wave door lock and wireless switch, touchscreen control device, automation platform, video doorbell, and Amazon Echo and Echo Dot. All home features are subject to change without notice. Internet service not included. Community will include pool, cabana and tot lot. Photos are representative and do not include all features.
SEE MORE
- 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
Neighborhood: Silverwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$987 |
| Property Tax | -$331 | |
| Property Insurance | -$56 | |
| HOA | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$55
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$284,090
PROJECTED PRICE
$1,500
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.57% |
| 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
$77,284
LOAN DETAILS
$987
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,023 |
| Loan Amount | $213,068 |
3.67
YEARS SAVED
$9,341
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
YOUR SOLUTIONS MANAGER
Please Contact Your Solutions Manager
To review the detailed price and rent comps for this property and answer any questions you may have.
PROPERTY LISTING DETAILS
Tobin
