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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $173.98
- 4 Days on Market
- MLS # : 3673580
- Updated Date : 02/12/2021 at 07:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,868 sqft
- Baths : 2 full
Listing Agent
Puma & Associates Realty, Inc.
Listing Agent's Description
Must see ranch in Cedarfield! Great curb appeal w/ covered front porch! Sought after one story living w/ open floor plan! Spacious great room w/ wood burning fireplace. Kitchen w/ stainless steel appliances, granite counters, gas cooktop, double oven & pantry. Formal dining room w/ vaulted ceiling & tons of natural light. Elegant owners retreat w/ tray ceiling & walk in closet. En-suite bath w/ dual vanity, shower & separate soaking tub. Spacious secondary bedrooms, bathroom & laundry complete the home. Peaceful & private backyard w/ mature trees. Deck is perfect for grilling & entertaining! Enjoy community features including club house, playground & pool! Great Huntersville location! Close to schools, restaurants & shopping! Easy access to I-77 & I-485!
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: Cedarfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cedarfield
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$261 | |
| Property Insurance | -$62 | |
| HOA | -$90 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$91
|
||
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.
$325,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.48%
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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
4.08
YEARS SAVED
$12,256
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,644
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
9008 New Oak Lane Huntersville, NC 2
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,570
- $0.84
-
12015 Henderson Hill Road Huntersville, NC 1
- 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1994
LEASED 02/10/21- Rent
- Rent Per SQFT
- $1,550
- $0.86
-
9215 Hillston Ridge Road Huntersville, NC 3
- 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2000
LEASED 02/05/21- Rent
- Rent Per SQFT
- $1,650
- $0.93
-
13207 Meadowmere Road Huntersville, NC 4
- 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2003
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,695
- $0.87
-
8601 Cedar Hollow Lane Huntersville, NC 5
- 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 1993
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,799
- $0.86
PROPERTY LISTING DETAILS
1.704.375.2495
Puma & Associates Realty, Inc.
