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10219 Lafoy Drive 
Huntersville, NC
28078
5 Beds 4 Baths 2,948 sqft
Built 2001
INVESTimate
$409,900
List Price
$114,374
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $139.04
- 3 Days on Market
- MLS # : 3651028
- Updated Date : 08/25/2020 at 16:58
CONSTRUCTION
- Beds : 5
- Floor Size : 2,948 sqft
- Baths : 3 full , 1 half
Listing Agent
Ellebee Realty And Associates
Listing Agent's Description
Gorgeous home situated on the 3rd Tee Box of the highly desirable community of Skybrook. This home has all of the bells and whistles including a great view of the golf course! Granite and custom cabinetry in the kitchen along with beautiful hardwoods throughout the main level. Owner's suite is on the main level that leads to a spacious bathroom. Kitchen opens up to the great room and is connected to the dining room by a Butler's pantry. 4 bedrooms upstairs, 2 with their own full bathrooms...1 bedroom is great for a media room and 1 other bedroom is great for an office if needed. Great walk in storage. Enjoy your coffee on the covered front porch or enjoy watching the golfing go by in your wooded back yard atop a beautiful deck.
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: Skybrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Skybrook
* 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 | $2,170 |
| EXPENSES | Loan Payment | -$1,512 |
| Property Tax | -$381 | |
| Property Insurance | -$83 | |
| HOA | -$48 | |
| Property Management Fees | -$195 | |
|
CASH FLOW
-$49
|
||
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.
$409,900
PROJECTED PRICE
$2,170
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 3.54% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$114,374
LOAN DETAILS
$1,512
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,475 |
| Loan Amount | $307,425 |
4.08
YEARS SAVED
$19,163
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,152
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
10219 Lafoy Drive Huntersville, NC 3
- 5 beds 4 baths ∙ 2,948 Sqft ∙ Built 2001 5 beds 4 baths ∙ 2,948 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,170
- $0.74
-
10355 Rutledge Ridge Drive Nw Huntersville, NC 1
- 5 beds 3 baths ∙ 2,773 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,773 Sqft ∙ Built 2015
LEASED 04/08/19- Rent
- Rent Per SQFT
- $2,000
- $0.72
-
1258 Bridgeford Drive Huntersville, NC 2
- 5 beds 4 baths ∙ 2,814 Sqft ∙ Built 2009 5 beds 4 baths ∙ 2,814 Sqft ∙ Built 2009
LEASED 06/21/19- Rent
- Rent Per SQFT
- $2,095
- $0.74
-
632 Lorain Avenue Nw Concord, NC 4
- 5 beds 3 baths ∙ 2,909 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,909 Sqft ∙ Built 2006
LEASED 06/03/20- Rent
- Rent Per SQFT
- $2,200
- $0.76
-
714 Richland Drive Huntersville, NC 5
- 4 beds 4 baths ∙ 3,214 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,214 Sqft ∙ Built 2005
LEASED 03/14/20- Rent
- Rent Per SQFT
- $2,250
- $0.70
PROPERTY LISTING DETAILS
1.704.534.0952
Ellebee Realty And Associates
