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9336 Twin Trail Drive Huntersville, NC 28078

3 Beds 2 Baths 1,560 sqft Built 1990

$295,500

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $189.42
  • 8 Days on Market
  • MLS # : 3718231
  • Updated Date : 03/20/2021 at 09:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Southern Homes Of The Carolinas

Listing Agent's Description

Rare find in Cedarfield! Ranch home with 3BR/2 baths; features a split floor plan, large kitchen with dining nook and breakfast bar, family room with gas fireplace, and vaulted ceilings. Tons of natural light throughout. Home is situated on a large corner lot overlooking the community fishing pond. Neighborhood features pool, playground, and access to the Torrence Creek Greenway!

SEE MORE

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

Neighborhood: Cedarfield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k318k

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

Neighborhood: Cedarfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441809

* 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
Torrence Creek Elementary School Primary Regular 483 28 8
Francis Bradley Middle School Middle Regular 1,140 59 6
Hopewell High School High Regular 1,653 87 3

Torrence Creek Elementary School

  • Education Level: Primary
  • # of students: 483
  • # of teachers: 28
8
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
 

$265,950$325,050$295,500

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,026
Property Tax -$237
Property Insurance -$55
HOA -$38
Property Management Fees -$119
CASH FLOW
-$55

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.

$295,500

PROJECTED PRICE

$1,420

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.48%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.31%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,058

INVESTMENT

$84,058

Down Payment
$73,875
Rehab Estimate
$5,750
Closing Costs
$4,433

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,026

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,875
Loan Amount $221,625
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,641

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,490

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4503$1,5494$1,5505$1,595
$1,595
RENT COMPS ANALYSIS
  • 9336 Twin Trail Drive Huntersville, NC 1
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.95
    •  
  • 9407 Holly Bend Lane Huntersville, NC 2
    • 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,496 Sqft ∙ Built 1997
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 13119 Meadowmere Road Huntersville, NC 3
    • 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,568 Sqft ∙ Built 2005
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.99
    •  
  • 12503 Walden Lea Drive Huntersville, NC 4
    • 3 beds 3 baths ∙ 1,506 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,506 Sqft ∙ Built 2002
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 9139 Windknob Court Huntersville, NC 5
    • 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 1995
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ryan Wilson
1.704.361.7800
Southern Homes Of The Carolinas
1.866.250.5610
Carolina Multiple Listing Services ( Carolina)
MLS #: 3718231
Last Updated: 03/20/2021
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