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9865 Shearwater Avenue 
Concord, NC
28027
5 Beds 3 Baths 3,853 sqft
Built 2006
INVESTimate
$428,950
List Price
$119,422
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $111.33
- 2 Days on Market
- MLS # : 3655635
- Updated Date : 08/25/2020 at 20:06
CONSTRUCTION
- Beds : 5
- Floor Size : 3,853 sqft
- Baths : 3 full
Listing Agent
One Vision Realty Group Inc
Listing Agent's Description
Don’t miss this one!! Exquisite 5 Bedroom Home!! One Bedroom located on the main level!! Luxurious Owners Suite!! Features a Spacious Bedroom w/Trey Ceiling & Sitting /Lounge Area!!!! Custom Bath W/Garden Tub, Separate Shower, 2 Vanity Sinks & Walk-In-Closet!! Gorgeous Gourmet Kitchen w/Custom Cabinets, Island, Granite Counter Tops, S/S Appliances & Breakfast area!! Formal Living & Dining Rooms!! Sunroom great for relaxing!! Spacious Bonus RM!! Extended Patio with a nice Pergola great for entertaining!!! Fenced In Backyard!! 2 Car Garage!! This Home has been METICULOUSLY Maintained!!!
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: Cannon Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cannon Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$1,583 |
| Property Tax | -$473 | |
| Property Insurance | -$100 | |
| HOA | -$65 | |
| Property Management Fees | -$222 | |
|
CASH FLOW
$28
|
||
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.
$428,950
PROJECTED PRICE
$2,470
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 3.64% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$119,422
LOAN DETAILS
$1,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,238 |
| Loan Amount | $321,713 |
4.83
YEARS SAVED
$25,435
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$2,562
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
9865 Shearwater Avenue Concord, NC 3
- 5 beds 3 baths ∙ 3,853 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,853 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,470
- $0.64
-
10681 Skipping Rock Lane Concord, NC 1
- 5 beds 4 baths ∙ 3,746 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,746 Sqft ∙ Built 2016
LEASED 06/04/19- Rent
- Rent Per SQFT
- $2,300
- $0.61
-
10139 Lafoy Drive Huntersville, NC 2
- 4 beds 4 baths ∙ 3,578 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,578 Sqft ∙ Built 2001
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,445
- $0.68
-
9887 Fern Dancer Court Concord, NC 4
- 5 beds 3 baths ∙ 3,783 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,783 Sqft ∙ Built 2009
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.69
-
10124 Rivendell Lane Charlotte, NC 5
- 4 beds 4 baths ∙ 3,893 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,893 Sqft ∙ Built 2005
LEASED 08/20/19- Rent
- Rent Per SQFT
- $2,645
- $0.68
PROPERTY LISTING DETAILS
1.704.400.5825
One Vision Realty Group Inc
