Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
11036 Chrudan Drive 
Charlotte, NC
28262
3 Beds 3 Baths 2,127 sqft
Built 2005
INVESTimate
$250,000
List Price
$72,000
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $117.54
- 11 Days on Market
- MLS # : 3652374
- Updated Date : 08/25/2020 at 00:05
CONSTRUCTION
- Beds : 3
- Floor Size : 2,127 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
Welcome Home!! This lovely two-story cul-de-sac gem is located in the Mallard Creek area!! This 2100+ sf three bed/2.5 bath home with a loft has a lot to offer including a huge master bedroom with a walk-in closet and master bath with separate shower, relaxing garden tub, and dual vanities. The secondary bedrooms are a generous size, as well. In addition to a newly renovated kitchen (2019), this home also offers a fireplace, stainless steel appliances, and a two- car garage. The layout of this home makes it perfect for entertaining. The home is conveniently located near shops, restaurants, I-85, and I-485. Don’t Miss Out on This One!!
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: Mallard Creek - Withrow Downs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mallard Creek - Withrow Downs
* 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 | $1,650 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$218 | |
| Property Insurance | -$67 | |
| HOA | -$17 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
$277
|
||
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.
$250,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 5.62% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
10.42
YEARS SAVED
$45,083
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,654
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
11036 Chrudan Drive Charlotte, NC 2
- 3 beds 3 baths ∙ 2,127 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,127 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,650
- $0.78
-
1419 Ladora Drive Charlotte, NC 1
- 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2003
![property image]()
LEASED 08/04/20- Rent
- Rent Per SQFT
- $1,650
- $0.77
-
10919 Chrudan Drive Charlotte, NC 3
- 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2003
![property image]()
LEASED 09/05/19- Rent
- Rent Per SQFT
- $1,695
- $0.79
-
1102 Garrison Road Charlotte, NC 4
- 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,192 Sqft ∙ Built 2003
![property image]()
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,695
- $0.77
-
1905 Arbor Crest Court Charlotte, NC 5
- 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 2006
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.78
PROPERTY LISTING DETAILS
1.704.796.5788
Exp Realty Llc
