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1017 Craven Street 
Indian Trail, NC
28079
3 Beds 3 Baths 2,020 sqft
Built 2008
INVESTimate
$270,900
List Price
$77,539
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $134.11
- 3 Days on Market
- MLS # : 3654452
- Updated Date : 08/25/2020 at 18:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,020 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams South Park
Listing Agent's Description
A sought after 2-story home in Gardens/Brandon Oaks Subdivision features elegance for having a 3-bedroom, 2.5 bath open floor layout that captivates the eye. Its main floor features warmth and natural lights with lavish living, formal dining, and kitchen accentuated with elegant overhead cabinets, appliances, and an enchanting island. Its gorgeous floors highlight the whole place plus the elegant prime suite that features an oversize walk-in closet, an elegant primary bath with a sink, vanity, shower, and a laundry room down the alley. Additional 2 bedrooms with a shared bathroom are also available upstairs, plus a sumptuous bonus area. To see is to believe! Come and schedule your visit today.
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: Brandon Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brandon Oaks
* 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 | $1,510 |
| EXPENSES | Loan Payment | -$1,000 |
| Property Tax | -$150 | |
| Property Insurance | -$65 | |
| HOA | -$135 | |
| Property Management Fees | -$136 | |
|
CASH FLOW
$25
|
||
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.
$270,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 6.23% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,539
LOAN DETAILS
$1,000
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,725 |
| Loan Amount | $203,175 |
5.17
YEARS SAVED
$17,206
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,601
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
1017 Craven Street Indian Trail, NC 2
- 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,510
- $0.75
-
5340 Courtfield Drive Indian Trail, NC 1
- 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,918 Sqft ∙ Built 1997
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,449
- $0.76
-
2241 Shumard Circle Indian Trail, NC 3
- 4 beds 3 baths ∙ 1,922 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,922 Sqft ∙ Built 2001
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,600
- $0.83
-
1019 Canopy Drive Indian Trail, NC 4
- 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2006
LEASED 05/17/19- Rent
- Rent Per SQFT
- $1,650
- $0.73
-
1011 Fountainbrook Drive Indian Trail, NC 5
- 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2005
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,650
- $0.78
PROPERTY LISTING DETAILS
1.704.628.4066
Keller Williams South Park
