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

821 Dare Court Gastonia, NC 28054

4 Beds 4 Baths 2,681 sqft Built 1980

$289,900

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $108.13
  • 3 Days on Market
  • MLS # : 3701373
  • Updated Date : 01/23/2021 at 16:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,681 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

This spacious cape cod home sits on a corner lot in beautiful Williamsburg neighborhood. This home boasts 4 bedrooms and 3.5 baths along with tons of living space! The family room features built ins and a gas fireplace. Through the dining and into the kitchen you'll find a large kitchen with stainless appliances and sunny breakfast nook. From the garage and back hall you enter the laundry room and into the flex space that could be a great office. Also on the main floor is the master suite with gas fireplace. Enter the large space that is perfect for a playroom, rec room, home school or second livingroom with it's own full bath. Above that is the bed/bonus room. Upstairs is two bedrooms with walk in closets and another full bathroom. Come see what this home has to offer and make yourself at 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

Zip Code: 28054

ZipNIR Market*CityMarket2010Year2000201980k90k100k110k120k130k140k150k160k170k180k190k200k210kPrice in $74k213k

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

Zip Code: 28054

ZipNIR Market*CityMarket2010Year20002019 Q270075080085090095010001050110011501200125013001350Rent in $6771375

* 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
Robinson Elementary School Primary Regular 362 22 6
Grier Middle School Middle Regular 679 38 6
Ashbrook High School High Regular 1,436 89 4

Robinson Elementary School

  • Education Level: Primary
  • # of students: 362
  • # of teachers: 22
6
GreatSchools Rating

Grier Middle School

  • Education Level: Middle
  • # of students: 679
  • # of teachers: 38
6
GreatSchools Rating

Ashbrook High School

  • Education Level: High
  • # of students: 1,436
  • # of teachers: 89
4
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,007
Property Tax -$240
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$336

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.

$289,900

PROJECTED PRICE

$1,780

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.02%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$49,225

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
  • $0.66

    LIST RENT PER SQFT
  • $1,850

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,785
$1,785
RENT COMPS ANALYSIS
  • 821 Dare Court Gastonia, NC 1
    • 4 beds 4 baths ∙ 2,681 Sqft ∙ Built 1980 4 beds 4 baths ∙ 2,681 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.66
    •  
  • 1483 Plantation Trail Gastonia, NC 2
    • 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2003
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.69
    •  
PROPERTY LISTING DETAILS
Charity Mcminn
1.980.722.1541
Exp Realty Llc
BESbswy