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9727 Woodend Court Charlotte, NC 28277

4 Beds 3 Baths 2,208 sqft Built 1998

$359,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $163.00
  • 5 Days on Market
  • MLS # : 3677929
  • Updated Date : 10/30/2020 at 13:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,208 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Location! Location! Location! Beautiful Home. Very Light and Bright. Open to Family Room. Formal Dining Room, Butlers Pantry, Hardwood floors on most Main Floor, You can literally walk to all the shops and restaurants that Blakeney has to offer! Great fenced backyard. Nice kitchen has loads of cabinets, granite counter tops, beautiful tile floors and pantry. Breakfast area overlooks cozy family room. Master suite has plenty of room to roam with vaulted ceiling and French doors into Master Bath. Good sized walk in closet, separate shower and garden tub, dual vanities. Great Schools. On Cul De Sac Street. Must See!

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: Provincetowne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $116k363k

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

Neighborhood: Provincetowne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8442138

* 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
Hawk Ridge Elementary School Primary Regular 881 49 9
Community House Middle School Middle Regular 1,750 81 9
Ardrey Kell High School High Regular 2,701 127 9

Hawk Ridge Elementary School

  • Education Level: Primary
  • # of students: 881
  • # of teachers: 49
9
GreatSchools Rating

Community House Middle School

  • Education Level: Middle
  • # of students: 1,750
  • # of teachers: 81
9
GreatSchools Rating

Ardrey Kell High School

  • Education Level: High
  • # of students: 2,701
  • # of teachers: 127
9
GreatSchools Rating
 

$323,910$395,890$359,900

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 -$1,328
Property Tax -$347
Property Insurance -$69
HOA -$28
Property Management Fees -$189
CASH FLOW
$139

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.

$359,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$34,532

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
  • $0.95

    LIST RENT PER SQFT
  • $2,098

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,1004$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 9727 Woodend Court Charlotte, NC 3
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 11714 Borchetta Drive Charlotte, NC 1
    • 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,140 Sqft ∙ Built 1998
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 9452 Willow Tree Lane Charlotte, NC 2
    • 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,300 Sqft ∙ Built 2000
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 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
    • $0.99
    •  
  • 9406 Willow Tree Lane Charlotte, NC 5
    • 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 1998
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
PROPERTY LISTING DETAILS
Bilan Mo
1.864.949.6488
Coldwell Banker Realty
BESbswy