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9611 Ashlyn Elizabeth Court Charlotte, NC 28214

3 Beds 2 Baths 1,222 sqft Built 2003

$215,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $175.94
  • 5 Days on Market
  • MLS # : 3704966
  • Updated Date : 02/06/2021 at 09:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,222 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Carver-pressley, Realtors

Listing Agent's Description

Nice 1222 sq ft. home with 3 bedrooms 2 full baths and a 2 car garage. Would make a great starter home with low maintenance. This home has desirable upgrades. The kitchen offers white cabinets, brand new stainless steel appliances in 2018 and a pantry. Vaulted ceilings in the living area give a more spacious, open feel. Cozy up to the gas fireplace on those cold winter nights! The master bedroom has tray ceilings, walk-in closet and a spacious master bath with dual vanities, garden tub with a separate shower. Sellers installed a white vinyl fence in 2018 for complete privacy in your backyard. This home is conveniently located and very close to Hwy 16 and 485 making easy commute to surrounding areas. Lots of shopping and everyday needs close by such as grocery stores, Walmart, food chains etc. Schedule your showing today before this one is gone!

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: Coulwood West

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230kPrice in $104k235k

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

Neighborhood: Coulwood West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280085090095010001050110011501200125013001350140014501500Rent in $7871518

* 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
River Oaks Academy Primary Regular 611 36 5
Coulwood Middle School Middle Regular 694 45 7
West Mecklenburg High School High Regular 2,040 108 1

River Oaks Academy

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 36
5
GreatSchools Rating

Coulwood Middle School

  • Education Level: Middle
  • # of students: 694
  • # of teachers: 45
7
GreatSchools Rating

West Mecklenburg High School

  • Education Level: High
  • # of students: 2,040
  • # of teachers: 108
1
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$747
Property Tax -$187
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$77

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$215,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.98%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$17,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,170

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2503$1,2994$1,3505$1,395
$1,395
RENT COMPS ANALYSIS
  • 9611 Ashlyn Elizabeth Court Charlotte, NC 1
    • 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,222 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.97
    •  
  • 1708 Silverberry Court Charlotte, NC 2
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1996
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 1613 Bear Brook Drive Charlotte, NC 3
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1997
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.99
    •  
  • 2820 Bellhaven Circle Charlotte, NC 4
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1952
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.91
    •  
  • 3032 Christian Scott Lane Charlotte, NC 5
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 2001
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
PROPERTY LISTING DETAILS
Rebecca Maiwald
1.704.860.1015
Coldwell Banker Carver-pressley, Realtors
BESbswy