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8411 Aspen Court 
Mint Hill, NC
28227
4 Beds 3 Baths 2,865 sqft
Built 2018
INVESTimate
$385,000
List Price
$107,775
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2018
- Price/Sqft : $134.38
- 3 Days on Market
- MLS # : 3654734
- Updated Date : 08/24/2020 at 10:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,865 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Ballantyne Area
Listing Agent's Description
WELCOME to this beautiful, like new home in highly desirable community in Charlotte/Mint Hill area. Located on .70 acres, this spacious 4 Bedroom 2/1 Bath home features a fabulous open concept floorplan, perfect for entertaining. The main level offers an spacious Office room, large Kitchen with a massive Island, Granite countertops and Stainless Steel appliances. Second Floor features a Large Master Suite with Luxury Bath and Huge Walk in Closet! Three additional bedrooms and a large bonus room. Entertain on the back deck and enjoy the view of the woods.
SEE MORE
- 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: 28227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28227
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$304 | |
| Property Insurance | -$81 | |
| HOA | -$18 | |
| Property Management Fees | -$176 | |
|
CASH FLOW
-$49
|
||
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.
$385,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 6.94% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
3.58
YEARS SAVED
$15,500
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$1,948
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
8411 Aspen Court Mint Hill, NC 3
- 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,950
- $0.68
-
9525 Brief Road Charlotte, NC 1
- 3 beds 3 baths ∙ 2,519 Sqft ∙ Built 1968 3 beds 3 baths ∙ 2,519 Sqft ∙ Built 1968
LEASED 10/31/19- Rent
- Rent Per SQFT
- $1,800
- $0.71
-
10612 Ebony Tress Lane Mint Hill, NC 2
- 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,920 Sqft ∙ Built 2017
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,895
- $0.65
PROPERTY LISTING DETAILS
1.704.236.3997
Keller Williams Ballantyne Area
