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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $174.83
- 4 Days on Market
- MLS # : 3719776
- Updated Date : 03/20/2021 at 00:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,430 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Charming one-level home with 2-car garage. The living room includes a gas log fireplace, vaulted ceiling, and built-in shelves with a TV niche. The kitchen includes ceramic tile floors, white cabinets, granite countertops, stainless appliances, and updated lighting fixtures. The adjoining dining area is spacious and includes wainscoting with picture molding and chair rail. The master suite has a vaulted ceiling and an ensuite bath. The large laundry room includes wire shelving for hanging clothing and storage. 2 additional bedrooms are served by a hall bath. Enjoy outdoor living with a private fenced back yard, a spacious deck with two built-in benches, a fire pit, and flower/gardening beds. Community amenities include a pool, and the neighborhood is just a short drive from shopping, restaurants and other conveniences.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huntersville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$206 | |
| Property Insurance | -$54 | |
| HOA | -$46 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$157
|
||
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.
$250,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
8.75
YEARS SAVED
$29,856
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,462
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
7505 Henderson Park Road Huntersville, NC 3
- 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,450
- $1.01
-
8115 Bud Henderson Road Huntersville, NC 1
- 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 2004
![property image]()
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,395
- $1.06
-
7412 Darblay Street Huntersville, NC 2
- 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,350 Sqft ∙ Built 2001
![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,395
- $1.03
-
7517 Lullwater Cove Huntersville, NC 4
- 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1997
![property image]()
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,495
- $0.99
-
7724 Autumnview Court Huntersville, NC 5
- 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 1997
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,550
- $1.01
PROPERTY LISTING DETAILS
1.704.809.1118
Keller Williams Realty
MLS #: 3719776
Last Updated: 03/20/2021
