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7436 Darblay Street Huntersville, NC 28078

3 Beds 3 Baths 1,865 sqft Built 2001

$309,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $166.17
  • -8 Days on Market
  • MLS # : CAR3758623
  • Updated Date : 07/12/2021 at 22:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,865 sqft
  • Baths : 2 full , 1 half
Listing Agent

Southpointe Realty Inc.

Listing Agent's Description

Gorgeous Home in Huntersville with Rocking Chair Front Porches Up and Down! Beautiful and Bright Kitchen with Granite Counters and Hardwoods throughout the whole downstairs. Great flow from Kitchen to Dining Area to Family Room - Perfect for Entertaining. Large Dining Room with Amazing Custom Barn Door, easily converts to an Office with direct access to Front Porch Area. Large Master Suite with Tray Ceiling and large Walk-In Closet. Dual Vanity, Garden Tub, Commode Room and large Linen Closet in Master Bath. Large Rear Yard with Privacy Fence, Covered and Extended Outdoor Patio. Short walk to the trailhead for McDowell Creek Trail and beautiful Neighborhood Pool. Two car garage PLUS Storage Closet for Tools and Toys. Additional: Faux Wood Blinds throughout, Upgraded Trim incl. Decorative Ship Lap above Fireplace and Wainscoting in Powder Room, Pantry, Large Closets in Extra Beds, Ceiling Fan/Light Combos...etc. Awesome Home in a Fantastic Neighborhood - Come take a Tour!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Huntersville

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
Barnette Elementary School Primary Unknown NA
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Barnette Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Francis Bradley Middle School

  • Education Level: Middle
  • # of students: 1,140
  • # of teachers: 59
6
GreatSchools Rating

Hopewell High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 87
3
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,076
Property Tax -$249
Property Insurance -$62
HOA -$66
Property Management Fees -$119
CASH FLOW
-$42

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.

$309,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$15,150

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5304$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 7436 Darblay Street Huntersville, NC 3
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.82
    •  
  • 8405 Rolling Meadows Lane Huntersville, NC 1
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2006
    property image
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
  • 6822 Colonial Garden Drive Huntersville, NC 2
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 2015
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 13825 Beatties Ford Road Huntersville, NC 4
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1989
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 13502 Glencreek Lane Huntersville, NC 5
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2001
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
PROPERTY LISTING DETAILS
Erich Hahne
1.704.400.7560
Southpointe Realty Inc.
BESbswy