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8101 Coxwood Court Charlotte, NC 28227

3 Beds 2 Baths 1,420 sqft Built 1983

$206,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

$60,340

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+9.8%)
1 YR. PROJ. APPRECIATION


Cap Rate	4.0%
Cash Flow	$1,704
Value Increase	$20,752

10 YEAR

Cash On Cash	1.1%
Total Return	15.5%

PROPERTY INFO

SINGLE-FAMILY

March 21, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1983
Price/Sqft : $145.07
3 Days on Market
MLS # : 3608802
Updated Date : 03/21/2021 at 00:05

CONSTRUCTION

Beds : 3
Floor Size : 1,420 sqft
Baths : 2 full

Listing Agent

Pridemore Properties North Llc

Listing Agent's Description

Updated adorable cottage in Marlwood Forest with rocking chair front porch. Updates less than two years old include carpet, flooring, kitchen appliances, roof, paint (inside and out) and much more! Master bedroom has ensuite bath and spacious closet. Two large secondary bedrooms share hall bath. Large laundry room off of the bright beautiful kitchen. Wooded cul-de-sac lot provides .63 acres of privacy.

8101 Coxwood Ct

Charlotte, North Carolina

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MARKET HIGHLIGHTS

Charlotte Market Report

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)

Neighborhood: Becton Park

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

Neighborhood: Becton Park

* 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
Albemarle Road Elementary School	Primary	Regular	1,338	79	5
Albemarle Road Middle School	Middle	Regular	1,198	64	2
Independence High School	High	Regular	2,349	128	6

Albemarle Road Elementary School

Education Level: Primary
# of students: 1,338
# of teachers: 79

GreatSchools Rating

Albemarle Road Middle School

Education Level: Middle
# of students: 1,198
# of teachers: 64

GreatSchools Rating

Independence High School

Education Level: High
# of students: 2,349
# of teachers: 128

GreatSchools Rating

FINANCIALS

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$185,400$226,60000$206,000

PURCHASE PRICE

$1,089$1,33100$1,210

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,210
EXPENSES	Loan Payment	-$716
	Property Tax	-$180
	Property Insurance	-$54
	Property Management Fees	-$119




CASH FLOW $142

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.

$206,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	2.94%
Appreciation Year (1-5)	9.8%
Maintenance Year (1-5)	8.00%
Vacancy	6.02%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$60,340

Down Payment	$51,500
Rehab Estimate	$5,750
Closing Costs	$3,090

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$716

MONTHLY LOAN PAYMENT

30 yr

3.75%

25.00%

Down Payment

Term	30 Years
Interest	3.75%
Down Payment	$51,500
Loan Amount	$154,500

See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$24,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,210
LIST RENT
$0.85
LIST RENT PER SQFT

$1,303
COMP ESTIMATED VALUE
$0.92
COMP AVG. RENT PER SQFT

Comps Range

$1,210

1$1,2102$1,2993$1,3504$1,3755$1,450

$1,450

RENT COMPS ANALYSIS

1,420
PROPERTY SQFT
$0.92
AVG RENT PER SQFT
$1,303
ESTIMATED VALUE
$1,210
LIST RENT

8101 Coxwood Court Charlotte, NC 2

3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1983
Price

Price Per SQFT

$206,000

$145.07
7832 Elm Tree Lane Charlotte, NC 1

3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1981
SOLD 09/22/20
Price

Price Per SQFT

$198,000

$141.63
8108 Blairtree Court Charlotte, NC 3

3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1983
SOLD 11/06/20
Price

Price Per SQFT

$215,000

$166.15
7901 Littlejohn Court Charlotte, NC 4

3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1984
SOLD 02/01/21
Price

Price Per SQFT

$223,000

$172.33
7938 Quail Field Drive Charlotte, NC 5

3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1988
SOLD 11/16/20
Price

Price Per SQFT

$225,000

$153.06

8101 Coxwood Court Charlotte, NC 1

3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1983
Rent

Rent Per SQFT

$1,210

$0.85
8806 Brass Bell Court Charlotte, NC 2

3 beds 3 baths ∙ 1,476 Sqft ∙ Built 3 beds 3 baths ∙ 1,476 Sqft ∙ Built
LEASED 04/13/20
Rent

Rent Per SQFT

$1,299

$0.88
8018 Sherington Way Charlotte, NC 3

3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1987
LEASED 09/17/20
Rent

Rent Per SQFT

$1,350

$1.00
7401 Palmetto Court Charlotte, NC 4

3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1983
LEASED 10/14/20
Rent

Rent Per SQFT

$1,375

$0.91
9017 Blue Willow Lane Charlotte, NC 5

4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1985
LEASED 01/01/21
Rent

Rent Per SQFT

$1,450

$0.92

PROPERTY LISTING DETAILS

Jessie Vallspinosa Perkins
1.704.519.8048
Pridemore Properties North Llc

1.866.250.5610

Carolina Multiple Listing Services ( Carolina)
MLS #: 3608802
Last Updated: 03/21/2021

8101 Coxwood Court Charlotte, NC 28227

$206,000

$1,210

$60,340

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Albemarle Road Elementary School

Albemarle Road Middle School

Independence High School

FINANCIALS

$185,400$226,60000$206,000

$1,089$1,33100$1,210

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$206,000

$1,210

0.59%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$716

8.67

$24,095

$206,000

$145.07

$224,775

$158.29

COMPS RANGE

PRICE COMPS ANALYSIS

$1,210

$0.85

$1,303

$0.92

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS