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8811 Noah Helms Road Indian Trail, NC 28079

3 Beds 4 Baths 2,477 sqft Built 2001

$450,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $181.67
  • 4 Days on Market
  • MLS # : 3712100
  • Updated Date : 02/27/2021 at 09:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,477 sqft
  • Baths : 3 full , 1 half
Listing Agent

Cottingham Chalk

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. PLEASE SUBMIT HIGHEST AND BEST BY 2PM SUNDAY FEB 28. Full brick, 2-story home on 3+ acres! Light and bright open floor plan for today’s family living with a 2-story family room with fireplace as the focal point. Master suite with custom closet on the main level, additional bedrooms with en suite baths are up. 2 offices, one up and one down! Loft and bonus room also on upper level. Fantastic large wrap around front porch, screened porch and spacious deck for outdoor living. Oversized, 30’x40’ garage is a car enthusiast’s dream with 10’x10’ doors, 12’ ceiling and Bend Pak 10 ton two-post car lift! Enjoy space, serenity and privacy at this home as well as easy access to 485.

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

Zip Code: 28079

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Zip Code: 28079

ZipNIR 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
Fairview Elementary School Primary Regular 563 30 6
Piedmont Middle School Middle Regular 1,097 55 7
Piedmont High School High Regular 1,244 65 8

Fairview Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 30
6
GreatSchools Rating

Piedmont Middle School

  • Education Level: Middle
  • # of students: 1,097
  • # of teachers: 55
7
GreatSchools Rating

Piedmont High School

  • Education Level: High
  • # of students: 1,244
  • # of teachers: 65
8
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,563
Property Tax -$294
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$30

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.

$450,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.3%
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$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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$31,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,254

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,080
$2,080
RENT COMPS ANALYSIS
  • 8811 Noah Helms Road Indian Trail, NC 2
    • 3 beds 4 baths ∙ 2,477 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,477 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.84
    •  
  • 7505 Fairway Mist Court Mint Hill, NC 1
    • 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1999
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.91
    •  
PROPERTY LISTING DETAILS
Cindi Hastings
1.704.661.1094
Cottingham Chalk
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3712100
Last Updated: 02/27/2021
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