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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $122.57
- 3 Days on Market
- MLS # : 3703258
- Updated Date : 01/30/2021 at 17:47
CONSTRUCTION
- Beds : 4
- Floor Size : 2,982 sqft
- Baths : 3 full
Listing Agent
Wilson Realty
Listing Agent's Description
Let this gorgeous, open floor plan welcome you home! As you enter, you are are greeted with large formal dining and living rooms. There is a spacious guest bedroom and full bathroom. The sunken 2 story great room that transitions into the beautiful, updated kitchen is perfect for entertaining. Upstairs boasts a loft, two additional guest rooms and full bathroom. You will be wowed with the Owner's Retreat complete with sitting area, fabulous updated bathroom with separate tiled, walk-in shower. Outside you will find a huge, level back yard with endless possibilities. Enjoy the community amenities of Hampton Place with a pool, playground and tennis courts. This wonderful community is nestled conveniently to I-485, I-85 and I-77. Welcome Home!
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
Neighborhood: Prosperity Church Road
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Prosperity Church Road
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,270 |
| Property Tax | -$319 | |
| Property Insurance | -$83 | |
| HOA | -$40 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$170
|
||
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.
$365,500
PROJECTED PRICE
$2,000
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$102,608
LOAN DETAILS
$1,270
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,375 |
| Loan Amount | $274,125 |
7.92
YEARS SAVED
$37,648
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,849
COMP ESTIMATED VALUE -
$0.62
COMP AVG. RENT PER SQFT
Comps Range
-
8506 Delamere Lane Charlotte, NC 5
- 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,982 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,000
- $0.67
-
5120 Stone Park Drive Charlotte, NC 1
- 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,804 Sqft ∙ Built 2006
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,695
- $0.60
-
4728 Lone Tree Court Charlotte, NC 2
- 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,036 Sqft ∙ Built 1998
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,800
- $0.59
-
8524 Ridgeline Lane Charlotte, NC 3
- 5 beds 3 baths ∙ 2,848 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,848 Sqft ∙ Built 2007
LEASED 02/06/20- Rent
- Rent Per SQFT
- $1,865
- $0.65
-
8517 Delamere Lane Charlotte, NC 4
- 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 2007
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,995
- $0.64
PROPERTY LISTING DETAILS
1.704.779.2135
Wilson Realty
