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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $193.32
- 3 Days on Market
- MLS # : 3703943
- Updated Date : 02/06/2021 at 00:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,110 sqft
- Baths : 2 full , 1 half
Listing Agent
Geoff Campbell Realty Inc
Listing Agent's Description
Welcome Home to Cameron Wood! You're going to love this traditional 2 story home located on a cul-de -sac. Main floor feature formal living and dining rooms with crown moldings and chair rail moldings. Den with raised hearth masonry fireplace. Kitchen with light cabinets and tile floor opens to fabulous screened porch with vaulted ceilings. Screened porch overlooks stone patio and fenced yard. Don't miss the beautiful Koi Pond!. Upstairs you'll find 3 nicely sized secondary bedrooms and Master bedroom with cathedral ceilings. Master bedroom has a walk in closet and large Master bath with soaking tub and separate shower. Home has Hardie Plank exterior, commercial sized gutters and an Architectural roof. Plenty of storage in the oversized 2 car garage. Lots of community amenities and a great South Charlotte location. Showings start 2/6/21 Don't miss out! Schedule a tour today.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Seven Eagles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seven Eagles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,417 |
| Property Tax | -$375 | |
| Property Insurance | -$67 | |
| HOA | -$29 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$87
|
||
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.
$407,900
PROJECTED PRICE
$1,920
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 3.4% |
| 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
$113,844
LOAN DETAILS
$1,417
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,975 |
| Loan Amount | $305,925 |
4.42
YEARS SAVED
$17,443
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,084
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
9237 Stonecrop Court Charlotte, NC 2
- 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,920
- $0.91
-
3229 Silver Pond Court Charlotte, NC 1
- 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 1989
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.92
-
2939 Notchview Court Charlotte, NC 3
- 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,238 Sqft ∙ Built 1991
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,100
- $0.94
-
9905 Chimney Corner Court Charlotte, NC 4
- 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,216 Sqft ∙ Built 1989
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,300
- $1.04
-
5733 Connor Boulevard Charlotte, NC 5
- 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1978
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,495
- $1.05
PROPERTY LISTING DETAILS
1.704.400.1644
Geoff Campbell Realty Inc
