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

725 Falls Church Road Charlotte, NC 28270

3 Beds 3 Baths 1,737 sqft Built 1978

$300,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $172.71
  • 6 Days on Market
  • MLS # : 3677445
  • Updated Date : 11/03/2020 at 00:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,737 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome Home! Come see this beautifully updated 3 bedroom 2.5 bath home in Sardis Woods. New luxury vinyl plank flooring throughout the main level, stairs and landing. A BRIGHT kitchen that offers new cabinets and granite counter tops with room for bar stools on the other side for those taste testers. Head to the breakfast area to sit down and eat if you want something less formal than the dining room. Once you're done with your meal head out to the enclosed patio, perfect for watching the game or a movie while enjoying the outdoors. Don't feel like sitting, no problem, there's plenty of room on the large deck for bags, grilling, and entertaining. And don't forget about the OVERSIZED two car garage with ample storage space. This home truly has it all.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Sardis Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $110k318k

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

Neighborhood: Sardis Woods

NeighborhoodNIR 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
Greenway Park Elementary School Primary Regular 605 38 3
Mcclintock Middle School Middle Regular 855 55 3
East Mecklenburg High School High Regular 1,840 111 6

Greenway Park Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 38
3
GreatSchools Rating

Mcclintock Middle School

  • Education Level: Middle
  • # of students: 855
  • # of teachers: 55
3
GreatSchools Rating

East Mecklenburg High School

  • Education Level: High
  • # of students: 1,840
  • # of teachers: 111
6
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,107
Property Tax -$269
Property Insurance -$60
Property Management Fees -$151
CASH FLOW
$93

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.

$300,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 7.9%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$26,847

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,681

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,6004$1,6805$1,900
$1,900
RENT COMPS ANALYSIS
  • 725 Falls Church Road Charlotte, NC 4
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.97
    •  
  • 9324 Harps Mill Court Charlotte, NC 1
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1977
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
  • 7609 Winterset Drive Charlotte, NC 2
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1976
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 707 Riverwood Road Charlotte, NC 3
    • 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 1975
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 7702 Surreywood Place Charlotte, NC 5
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1973
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kiwan Bigelow
1.888.584.9431
Exp Realty Llc
BESbswy