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9320 Standerwick Lane Huntersville, NC 28078

4 Beds 3 Baths 2,726 sqft Built 2006

$425,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $155.91
  • 5 Days on Market
  • MLS # : 3704600
  • Updated Date : 02/06/2021 at 11:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,726 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

As you drive through this tree-lined neighborhood with pocket parks, water features, a community pool, & tennis courts, you will feel the friendly spirit of this community. Your new home offers a spacious but intimate dining room just right for candlelight.The informal living room with stately columns divides the great room with a warming fireplace where everyone can "live a little". The recently updated kitchen is a real showplace offering white soft close cabinets, granite countertops, tile backsplash, under cabinet lighting, stainless appliances, & a large island. The entire first floor has wood floors. Upstairs has a large bonus room, three airy bedrooms with ample closet space, and a HUGE owner's suite with tray ceiling. Owner's bath has dual sinks, a separate shower, and a whirlpool tub for soaking away daily stress. The fenced backyard is an entertainer’s dream. Deck w/ gazebo and a large patio w/ firepit perfect for marshmallows & wine. Here is the home you've been waiting for!

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: Macaulay

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $118k420k

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

Neighborhood: Macaulay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $8442328

* 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
Grand Oak Elementary School Primary Unknown 601 36 NA
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Grand Oak Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 36
NA
GreatSchools Rating

Francis Bradley Middle School

  • Education Level: Middle
  • # of students: 1,140
  • # of teachers: 59
6
GreatSchools Rating

Hopewell High School

  • Education Level: High
  • # of students: 1,653
  • # of teachers: 87
3
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,476
Property Tax -$377
Property Insurance -$78
HOA -$113
Property Management Fees -$119
CASH FLOW
-$64

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.

$425,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 4.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
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-$5.0k$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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$19,293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,297

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$2,1003$2,1954$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 9320 Standerwick Lane Huntersville, NC 2
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 15734 Glencastle Street Huntersville, NC 1
    • 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 1994
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.47
    •  
  • 8934 Lizzie Lane Huntersville, NC 3
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 1996
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.81
    •  
  • 8819 Singleton Court Huntersville, NC 4
    • 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,680 Sqft ∙ Built 2001
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.86
    •  
  • 15805 Cordelia Oaks Lane Huntersville, NC 5
    • 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,782 Sqft ∙ Built 2002
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
PROPERTY LISTING DETAILS
Heidi Hines
1.704.458.4636
Exp Realty Llc
BESbswy