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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $172.83
- 21 Days on Market
- MLS # : 3693847
- Updated Date : 02/13/2021 at 15:49
CONSTRUCTION
- Beds : 3
- Floor Size : 2,227 sqft
- Baths : 3 full
Listing Agent
Keller Williams South Park
Listing Agent's Description
Welcome Home to popular Ashton Grove community with maintained lawncare included in HOA. Welcoming entry boasts 2-story foyer & lots of natural light! This home features 2 bedrooms on the main floor including spacious master suite w/ trey ceiling and walk in closet. Inviting master bath includes walk-in shower + dual sinks. Open kitchen w/ stainless appliances, plenty of counter space & room to entertain. Kitchen is open to breakfast area, family room with vaulted ceiling + gas fireplace and sliding doors to sunroom. Extended patio + flat backyard. Screened porch provides lots of privacy & a welcoming place to take in a good book or have your morning coffee. Lots of storage throughout the home. Guests won't leave with ideal space upstairs featuring large 3rd bedroom, full bath, walk in closet and rec/bonus room. 2 car garage. This beauty is nestled close to all the delicious eateries/shopping that Blakeney, Stonecrest & Waverly have to offer. Move-in ready, don't miss this one!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Provincetowne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Provincetowne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$365 | |
| Property Insurance | -$69 | |
| HOA | -$97 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$37
|
||
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.
$384,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 5.4% |
| 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
$107,749
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,225 |
| Loan Amount | $288,675 |
4.83
YEARS SAVED
$19,069
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,038
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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- $1,995
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-
9448 Willow Tree Lane Charlotte, NC 4
- 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 2000
LEASED 07/06/20- Rent
- Rent Per SQFT
- $2,150
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8710 Darcy Hopkins Drive Charlotte, NC 5
- 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2002
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,150
- $0.90
PROPERTY LISTING DETAILS
1.704.300.0855
Keller Williams South Park
