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7826 Cafferty Circle Charlotte, NC 28215

3 Beds 3 Baths 1,958 sqft Built 1999

$279,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $142.95
  • 4 Days on Market
  • MLS # : 3679345
  • Updated Date : 11/14/2020 at 16:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,958 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Mac Group Real Estate Advisors

Listing Agent's Description

This fantastic 3 bed, 2.5 bath home sits on a tree-lined cul-de-sac street in the beautiful and highly desirable neighborhood of Bradfield Farms. It's move-in ready with spectacular prefinished hardwoods, separate dining area, a 2-story great room with tons of natural light and a spacious backyard for grilling and entertaining. Newer AC and roof too along with a freshly painted 2-car garage. Take advantage of the numerous community amenities including 2 pools, playground, tennis courts and walking trails. Convenient to everything in addition to VERY quick access to I485 and the coming soon mixed-use development of Farmington. Book an in-person showing today and make it your next home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bradfield Farms

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230kPrice in $113k235k

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

Neighborhood: Bradfield Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8421518

* 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
Clear Creek Elementary School Primary Regular 647 37 6
Northeast Middle School Middle Regular 739 45 3
Rocky River High School High Regular 1,710 90 3

Clear Creek Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 37
6
GreatSchools Rating

Northeast Middle School

  • Education Level: Middle
  • # of students: 739
  • # of teachers: 45
3
GreatSchools Rating

Rocky River High School

  • Education Level: High
  • # of students: 1,710
  • # of teachers: 90
3
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,033
Property Tax -$244
Property Insurance -$64
HOA -$31
Property Management Fees -$139
CASH FLOW
$29

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

$1,540

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.57%
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

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$15,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,586

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,5404$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 7826 Cafferty Circle Charlotte, NC 3
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.79
    •  
  • 7010 Duchamp Drive Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1997
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 7830 Cafferty Circle Charlotte, NC 2
    • 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,985 Sqft ∙ Built 1999
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.77
    •  
  • 7216 Scarlet Runner Drive Charlotte, NC 4
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 1993
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.84
    •  
  • 7604 Nicolette Court Charlotte, NC 5
    • 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1998
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
PROPERTY LISTING DETAILS
Rob Zanicchi
1.914.772.8922
The Mac Group Real Estate Advisors
BESbswy