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9315 Macquarie Lane Charlotte, NC 28227

4 Beds 3 Baths 2,256 sqft Built 2007

$290,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $128.55
  • 6 Days on Market
  • MLS # : 3691954
  • Updated Date : 12/26/2020 at 12:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,256 sqft
  • Baths : 2 full , 1 half
Listing Agent

C-a-re Realty

Listing Agent's Description

Spacious Home in a Great Location! Walk to your neighborhood Grocery Store, restaurant or shops. Easy access to the Hwy and Uptown. Enjoy the private backyard backing up to woods. Expansive deck that spans the back of the home. Formal Dining Room off the grand two story foyer. Open kitchen flows to the Breakfast area and overlooks the Great Room with a gas fireplace. Prewired for surround sound. Extra room on Main floor could be served as a Den, Office, or playroom. New Front door. Big Master Suite boast of vaulted ceiling, Garden tub, and walk in closet. Don't miss out on this home!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Marshbrooke

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $74k235k

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

Neighborhood: Marshbrooke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6771518

* 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
Piney Grove Elementary School Primary Regular 823 52 4
Mint Hill Middle School Middle Regular 1,249 64 5
Butler High School High Regular 2,081 106 7

Piney Grove Elementary School

  • Education Level: Primary
  • # of students: 823
  • # of teachers: 52
4
GreatSchools Rating

Mint Hill Middle School

  • Education Level: Middle
  • # of students: 1,249
  • # of teachers: 64
5
GreatSchools Rating

Butler High School

  • Education Level: High
  • # of students: 2,081
  • # of teachers: 106
7
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,070
Property Tax -$253
Property Insurance -$70
HOA -$13
Property Management Fees -$119
CASH FLOW
$216

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.

$290,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.94%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.02%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$42,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6003$1,6504$1,7405$1,995
$1,995
RENT COMPS ANALYSIS
  • 9315 Macquarie Lane Charlotte, NC 4
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.77
    •  
  • 4102 Bathurst Drive Charlotte, NC 1
    • 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,008 Sqft ∙ Built 2007
    property image
    LEASED 11/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.78
    •  
  • 3212 Cross Winds Road Charlotte, NC 2
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1975
    property image
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
  • 3417 Fairfax Woods Drive Matthews, NC 3
    • 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2000
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 3717 Martele Drive Mint Hill, NC 5
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2013
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
PROPERTY LISTING DETAILS
Don Gomez
1.704.644.1467
C-a-re Realty
BESbswy