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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $154.90
- -5 Days on Market
- MLS # : CAR3761494
- Updated Date : 07/12/2021 at 18:04
CONSTRUCTION
- Beds : 3
- Floor Size : 1,807 sqft
- Baths : 2 full , 1 half
Listing Agent
Carolina Realty Advisors
Listing Agent's Description
For sale is this lovely 2 story home in Claiborne Woods with the master suite on the main. This home features beautiful NEW flooring on main level, NEW paint inside and out, ceiling fans, 2 inch blinds and lots of closet space. The vaulted ceilings add volume and light throughout the home. The spacious kitchen has NEW granite counters and plenty of cabinet space. There are two more bedrooms and a loft upstairs. You will love the nice, level fenced yard with wooded view and attached and detached storage buildings. Enjoy the low HOA dues and the location close to I-485 and Northlake Mall shopping and restaurants. This home has new windows with transferable warranty.
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: Mountain Island
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Island
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$972 |
| Property Tax | -$244 | |
| Property Insurance | -$61 | |
| HOA | -$7 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$107
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$279,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 3.7% |
| Maintenance Year (1-5) | 8.00% |
| 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
$79,924
LOAN DETAILS
$972
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
7.08
YEARS SAVED
$23,784
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,613
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
7800 Trotter Road Charlotte, NC 2
- 3 beds 3 baths ∙ 1,807 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,807 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,510
- $0.84
-
4738 Nijinsky Court Charlotte, NC 1
- 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,788 Sqft ∙ Built 2002
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,475
- $0.82
-
8903 Firestreak Drive Charlotte, NC 3
- 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2004
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,550
- $0.85
-
7006 Advocator Lane Charlotte, NC 4
- 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006
LEASED 11/09/20- Rent
- Rent Per SQFT
- $1,550
- $0.85
-
4509 Fox Thorne Drive Charlotte, NC 5
- 3 beds 3 baths ∙ 1,643 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,643 Sqft ∙ Built 2000
LEASED 06/08/21- Rent
- Rent Per SQFT
- $1,695
- $1.03
PROPERTY LISTING DETAILS
1.704.533.3074
Carolina Realty Advisors
