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9100 Gray Willow Road 
Charlotte, NC
28227
3 Beds 2 Baths 1,762 sqft
Built 2009
INVESTimate
$249,900
List Price
$71,974
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PROPERTY INFO
FACTS
- Built In 2009
- Price/Sqft : $141.83
- 14 Days on Market
- MLS # : 3651289
- Updated Date : 08/26/2020 at 00:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,762 sqft
- Baths : 2 full
Listing Agent
Allen Tate Southpark
Listing Agent's Description
Adorable one level living with gorgeous open floor plan with over 1760 SF. Covered porch area welcomes you into the beautiful Foyer. Large Kitchen overlooks huge Great Room. Kitchen has SS appliances and lots of cabinet and counter space. Breakfast/Dining Room is very large and will easily accommodate all of those large gatherings. Master BR is really large and has beautiful master bath with large walk-in shower and dual vanity. The master closet has been upgraded with a incredible closet system you will absolutely love. Secondary BRs are good size with great closet space. Laundry room with utility shelf. Great Room has sliding glass doors leading out to Patio and back yard. House is positioned adjacent to Community Amenities. (easy walk to the club house, pool and playground.) Don't miss out on this sought after ranch 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: Bradfield Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bradfield Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$220 | |
| Property Insurance | -$60 | |
| HOA | -$89 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$10
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$249,900
PROJECTED PRICE
$1,430
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.98% |
| Appreciation Year (1-5) | 8.94% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
4.08
YEARS SAVED
$11,444
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,533
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
9100 Gray Willow Road Charlotte, NC 2
- 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2009
![property image]()
- Rent
- Rent Per SQFT
- $1,430
- $0.81
-
12110 Downy Birch Road Charlotte, NC 1
- 3 beds 4 baths ∙ 1,684 Sqft ∙ Built 2009 3 beds 4 baths ∙ 1,684 Sqft ∙ Built 2009
![property image]()
LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,395
- $0.83
-
10115 Green Grass Road Charlotte, NC 3
- 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2010
![property image]()
LEASED 11/05/19- Rent
- Rent Per SQFT
- $1,460
- $0.86
-
11724 Downy Birch Road Charlotte, NC 4
- 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2009
![property image]()
LEASED 07/19/19- Rent
- Rent Per SQFT
- $1,495
- $0.85
-
10010 Bristley Road Charlotte, NC 5
- 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,627 Sqft ∙ Built 2010
![property image]()
LEASED 09/24/19- Rent
- Rent Per SQFT
- $1,495
- $0.92
PROPERTY LISTING DETAILS
1.704.609.3159
Allen Tate Southpark
