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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $157.56
- 4 Days on Market
- MLS # : 3699932
- Updated Date : 01/23/2021 at 09:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,713 sqft
- Baths : 2 full
Listing Agent
Allen Tate Providence @485
Listing Agent's Description
This beautiful ranch offers a a beautiful wooded lot, a one car garage, one car carport, & covered walkway to home! Many upgrades are offered for the new homeowner! Roof replaced 2012. Furnace replaced 2019. AC replaced 2014. Kitchen cabinets refaced 2011. Dishwasher 2020. Stove approx 5 years old. Bead board in kitchen. Refrigerator, washer, dryer, & microwave remain! Master bath offers newer toilet, vanity, & lighting. Secondary bathroom vanity replaced. Bathrooms provide tile floors & surrounds. Garage door and sliding door are new. Garage offers heat & AC. Popcorn ceilings removed in all rooms except secondary bedrooms. Wood floors in foyer & hall. Recessed lighting in hall. Family room offers plenty of light w/ vaulted ceiling, skylights with electric shades. Surround sound in family room. Front of home is brick veneer. Both sides of home are fiber cement board, and back is hardboard. MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST OFFER DEADLINE IS 9 PM ON SATURDAY, JAN 23.
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: Wood Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wood Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,440 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$217 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$107
|
||
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.
$269,900
PROJECTED PRICE
$1,440
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 9.4% |
| 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
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
7.67
YEARS SAVED
$26,733
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,440
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,495
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
901 Winter Wood Drive Matthews, NC 1
- 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,440
- $0.84
-
13520 O Malley Drive Matthews, NC 2
- 3 beds 3 baths ∙ 1,647 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,647 Sqft ∙ Built 1986
LEASED 10/08/19- Rent
- Rent Per SQFT
- $1,495
- $0.91
-
3300 Matthews Mint Hill Road Matthews, NC 3
- 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1967
LEASED 08/23/19- Rent
- Rent Per SQFT
- $1,515
- $0.84
-
901 Lightwood Drive Matthews, NC 4
- 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,954 Sqft ∙ Built 1979
LEASED 08/02/19- Rent
- Rent Per SQFT
- $1,695
- $0.87
-
2839 Oakglade Court Matthews, NC 5
- 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 2001
LEASED 11/04/19- Rent
- Rent Per SQFT
- $1,695
- $0.87
PROPERTY LISTING DETAILS
1.704.574.0397
Allen Tate Providence @485
