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819 Stowe Lane Gastonia, NC 28056

3 Beds 2 Baths 1,265 sqft Built 1995

$139,900

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $110.59
  • 2 Days on Market
  • MLS # : 3708425
  • Updated Date : 02/13/2021 at 13:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,265 sqft
  • Baths : 2 full
Listing Agent

Moss Realty

Listing Agent's Description

This home is perfect for the first time homeowner! With three bedrooms, two bathrooms, and over 1200 square feet, this home offers a huge value in a great location! This home also has a 2 car carport with an attached storage area that would make a perfect workshop! This home also has a roof that was installed in 2020! All of this sits on a .66 acre lot! Schedule an appointment to view this home today!

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

Zip Code: 28056

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $81k213k

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

Zip Code: 28056

ZipNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400Rent in $6901460

* 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
North Belmont Elementary School Primary Regular 414 25 5
Mount Holly Middle School Middle Regular 771 41 7
Stuart W. Cramer High School High Regular 782 45 NA

North Belmont Elementary School

  • Education Level: Primary
  • # of students: 414
  • # of teachers: 25
5
GreatSchools Rating

Mount Holly Middle School

  • Education Level: Middle
  • # of students: 771
  • # of teachers: 41
7
GreatSchools Rating

Stuart W. Cramer High School

  • Education Level: High
  • # of students: 782
  • # of teachers: 45
NA
GreatSchools Rating
 

$125,910$153,890$139,900

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$486
Property Tax -$85
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$329

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.

$139,900

PROJECTED PRICE

$1,070

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 4.6%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,824

INVESTMENT

$42,824

Down Payment
$34,975
Rehab Estimate
$5,750
Closing Costs
$2,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$486

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $34,975
Loan Amount $104,925
See What Happens When You Reinvest Cash Flow

15.33

YEARS SAVED

$35,344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,070

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,126

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,070
1$1,0702$1,1503$1,200
$1,200
RENT COMPS ANALYSIS
  • 819 Stowe Lane Gastonia, NC 1
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,070
    • $0.85
    •  
  • 202 Margarette Avenue Belmont, NC 2
    • 3 beds 1 baths ∙ 1,308 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,308 Sqft ∙ Built 1955
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.88
    •  
  • 77 Belmont Avenue Belmont, NC 3
    • 3 beds 1 baths ∙ 1,331 Sqft ∙ Built 1900 3 beds 1 baths ∙ 1,331 Sqft ∙ Built 1900
    property image
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
PROPERTY LISTING DETAILS
Michael Johnson
1.704.813.1073
Moss Realty
BESbswy