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8707 Taybrook Drive Huntersville, NC 28078

4 Beds 3 Baths 2,611 sqft Built 1995

$445,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $170.43
  • -1 Days on Market
  • MLS # : CAR3761413
  • Updated Date : 07/12/2021 at 14:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,611 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prostead Realty

Listing Agent's Description

Beautiful home in Wynfield! Home features wood floors & crown molding throughout the first floorl! Kitchen with granite counters, stainless steel appliances & lots of cabinet space. Sunny breakfast area looking out to the private backyard. Great room features built ins & fireplace. Large owners suite with sitting room, 2 walk in closets. En-suite bath with dual vanities updated 2020, skylights, tile shower & separate soaking tub. Secondary bedrooms & newly renovated bathroom are spacious. Heated Garage with Garage trac flooring tiles and built in storage. Recently completed backyard renovation maximizes backyard space and privacy. Wynfield features include pool, playground, club house & tennis courts! close to schools, parks, restaurants, shopping, Lake Norman and 1-77.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Wynfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $118k585k

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

Neighborhood: Wynfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $8442955

* 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
Torrence Creek Elementary School Primary Regular 483 28 8
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Torrence Creek Elementary School

  • Education Level: Primary
  • # of students: 483
  • # of teachers: 28
8
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
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,546
Property Tax -$357
Property Insurance -$76
HOA -$56
Property Management Fees -$119
CASH FLOW
$36

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.

$445,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.36%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$32,017

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,134

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,8253$1,9754$2,1905$2,300
$2,300
RENT COMPS ANALYSIS
  • 8707 Taybrook Drive Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.84
    •  
  • 15734 Glencastle Street Huntersville, NC 1
    • 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 1994
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.47
    •  
  • 9006 Sutherland Drive #21 Huntersville, NC 2
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 1993
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.78
    •  
  • 15744 Chipping Drive Huntersville, NC 3
    • 3 beds 2 baths ∙ 2,416 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,416 Sqft ∙ Built 2005
    property image
    LEASED 03/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.82
    •  
  • 9033 Pennyhill Drive Huntersville, NC 5
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1989
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
PROPERTY LISTING DETAILS
Laura Arthur
1.704.989.7991
Prostead Realty
BESbswy