Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $135.68
- 6 Days on Market
- MLS # : 3704731
- Updated Date : 02/05/2021 at 16:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,646 sqft
- Baths : 3 full
Listing Agent
Black House Realty
Listing Agent's Description
Very nice home on cul-de-sac lot in well sought after neighborhood. Conveniently located to 485 and very desirable schools. Formal dining room leads to open kitchen and family room with the largest island ever. Tucked away on main level is a guest bedroom and full bath. Upstairs is nice size loft with 3 other bedrooms including a large master with huge closet. The huge backyard is fully fenced and ready for outdoor entertaining.
SEE MORE
- 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: 28079
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28079
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,247 |
| Property Tax | -$235 | |
| Property Insurance | -$77 | |
| HOA | -$43 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$60
|
||
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.
$359,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.3% |
| 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
$100,885
LOAN DETAILS
$1,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,750 |
| Loan Amount | $269,250 |
6.5
YEARS SAVED
$27,744
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,832
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
8004 Sedgewick Road Indian Trail, NC 4
- 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $1,780
- $0.67
-
1022 Yellow Bee Road Indian Trail, NC 1
- 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 2007
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,645
- $0.70
-
1003 Garden Web Road Indian Trail, NC 2
- 4 beds 2 baths ∙ 2,424 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,424 Sqft ∙ Built 2012
![property image]()
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,700
- $0.70
-
1012 Yellow Bee Road Indian Trail, NC 3
- 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2007
![property image]()
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,750
- $0.64
-
3003 Filly Drive Indian Trail, NC 5
- 5 beds 4 baths ∙ 2,654 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,654 Sqft ∙ Built 2005
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,945
- $0.73
PROPERTY LISTING DETAILS
1.704.957.5582
Black House Realty
