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

8213 Dumphries Drive Huntersville, NC 28078

4 Beds 4 Baths 2,139 sqft Built 2016

$369,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $172.93
  • 7 Days on Market
  • MLS # : 3681937
  • Updated Date : 11/18/2020 at 12:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,139 sqft
  • Baths : 3 full , 1 half
Listing Agent

Movement One Realty Llc

Listing Agent's Description

An entertainers dream! The main level features an open floor plan with laminate floors throughout. A chefs kitchen offers stainless appliances, soft close cabinets, granite surfaces and a large center island. The upper level is home to four bedrooms, two with en suite bathrooms and two that share a Jack and Jill. All bathrooms are complimented with granite counters and tile floors. A finished walkout basement is an ideal media room and gathering space. Outdoor spaces abound with a double front porch and a rear deck that is nestled among the trees. The fenced rear yard includes a custom paver stone patio perfect for summer gatherings or a fall firepit.

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: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Huntersville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Barnette Elementary School Primary Unknown 640 38 NA
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Barnette Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 38
NA
GreatSchools Rating

Francis Bradley Middle School

  • Education Level: Middle
  • # of students: 1,140
  • # of teachers: 59
6
GreatSchools Rating

Hopewell High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 87
3
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,365
Property Tax -$311
Property Insurance -$67
HOA -$28
Property Management Fees -$164
CASH FLOW
-$115

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.

$369,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,529

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5493$1,5654$1,6955$1,820
$1,820
RENT COMPS ANALYSIS
  • 8213 Dumphries Drive Huntersville, NC 5
    • 4 beds 4 baths ∙ 2,139 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,139 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.85
    •  
  • 8027 Gleen Oak Lane Huntersville, NC 1
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2006
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.73
    •  
  • 7516 April Mist Trail Huntersville, NC 2
    • 4 beds 4 baths ∙ 2,192 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,192 Sqft ∙ Built 2007
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.71
    •  
  • 8031 Gleen Oak Lane Huntersville, NC 3
    • 4 beds 4 baths ∙ 2,296 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,296 Sqft ∙ Built 2014
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.68
    •  
  • 6915 Tanners Creek Drive Huntersville, NC 4
    • 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2001
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.75
    •  
PROPERTY LISTING DETAILS
Mike Ignasiak
1.225.610.4326
Movement One Realty Llc
BESbswy