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7521 Stable Creek Drive #32 Huntersville, NC 28078

4 Beds 3 Baths 2,424 sqft Built 2021

$413,990

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $170.79
  • 4 Days on Market
  • MLS # : 3705504
  • Updated Date : 02/04/2021 at 16:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,424 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nvr Homes, Inc./ryan Homes

Listing Agent's Description

This to-be-built home is wonderfully tucked away with heavy woods beside and behind. Two-story home with vast owners’ bedroom. Home features wide open living/dining/kitchen plus office or flexible space. Community is located near all Charlotte interstates, uptown, and Birkdale, Northlake and Concord Mills. Live near everything while tucked away off a country road. Move in by April 2021.

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

Zip Code: 28078

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Zip Code: 28078

ZipNIR 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
Blythe Elementary School Primary Regular 1,038 67 5
J.m. Alexander Middle School Middle Regular 865 40 4
North Mecklenburg High School High Regular 1,881 101 3

Blythe Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 67
5
GreatSchools Rating

J.m. Alexander Middle School

  • Education Level: Middle
  • # of students: 865
  • # of teachers: 40
4
GreatSchools Rating

North Mecklenburg High School

  • Education Level: High
  • # of students: 1,881
  • # of teachers: 101
3
GreatSchools Rating
 

$372,591$455,389$413,990

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,438
Property Tax -$331
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$161

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$413,990

PROJECTED PRICE

$1,800

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 3.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,707

INVESTMENT

$111,707

Down Payment
$103,498
Rehab Estimate
$2,000
Closing Costs
$6,210

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,438

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,498
Loan Amount $310,493
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,301

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,763

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,6504$1,8005$1,975
$1,975
RENT COMPS ANALYSIS
  • 7521 Stable Creek Drive Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
  • 11633 Asbury Chapel Road Huntersville, NC 1
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1971
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.69
    •  
  • 9306 Swallow Tail Lane Charlotte, NC 2
    • 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,124 Sqft ∙ Built 2003
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.72
    •  
  • 5842 Shining Oak Lane Charlotte, NC 3
    • 3 beds 3 baths ∙ 2,266 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,266 Sqft ∙ Built 2001
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
  • 6618 Ziegler Lane Charlotte, NC 5
    • 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2003
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jerry Smith
1.704.610.5282
Nvr Homes, Inc./ryan Homes
BESbswy