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912 Apple Valley Road Hendersonville, NC 28792

2 Beds 1 Baths 958 sqft Built 1959

$229,900

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $239.98
  • 2 Days on Market
  • MLS # : CAR3761230
  • Updated Date : 07/12/2021 at 16:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 958 sqft
  • Baths : 1 full
Listing Agent

Re/max Results

Listing Agent's Description

Charming and bright home with a fantastic location and breathtaking year-round views. Enjoy your panoramic views on your wrap around porch. This peaceful setting has easy access to Hendersonville and all the shopping and dining on Four Seasons Blvd. This two bedroom home has a lot to offer with a beautiful updated interior, an outdoor storage building, outstanding views, and so much more!

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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: 28792

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $95k250k

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

Zip Code: 28792

ZipNIR Market*CityMarket2015Year2011 Q42019 Q28509009501000105011001150120012501300Rent in $8281346

* 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
Edneyville Elementary School Primary Regular 509 35 9
Apple Valley Middle School Middle Regular 904 57 5
North Henderson High School High Regular 1,089 67 8

Edneyville Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 35
9
GreatSchools Rating

Apple Valley Middle School

  • Education Level: Middle
  • # of students: 904
  • # of teachers: 57
5
GreatSchools Rating

North Henderson High School

  • Education Level: High
  • # of students: 1,089
  • # of teachers: 67
8
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$799
Property Tax -$96
Property Insurance -$45
Property Management Fees -$119
CASH FLOW
$41

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$229,900

PROJECTED PRICE

$1,100

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.20%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$16,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,035

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,000
$1,000
RENT COMPS ANALYSIS
  • 912 Apple Valley Road Hendersonville, NC 1
    • 2 beds 1 baths ∙ 958 Sqft ∙ Built 1959 2 beds 1 baths ∙ 958 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 937 St Pauls Road Hendersonville, NC 2
    • 2 beds 1 baths ∙ 930 Sqft ∙ Built 1925 2 beds 1 baths ∙ 930 Sqft ∙ Built 1925
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.08
    •  
PROPERTY LISTING DETAILS
Mindy Holmes
1.828.713.2874
Re/max Results
BESbswy