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4108 Chasebrook Lane 
Waxhaw, NC
28173
4 Beds 3 Baths 3,658 sqft
Built 2008
INVESTimate
$469,000
List Price
$130,035
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $128.21
- 7 Days on Market
- MLS # : 3652885
- Updated Date : 08/26/2020 at 00:05
CONSTRUCTION
- Beds : 4
- Floor Size : 3,658 sqft
- Baths : 3 full
Listing Agent
Keller Williams Ballantyne Area
Listing Agent's Description
Prime Location 3 Story Home in Millbridge!. Don't miss out on all this space! Enjoy the Large Front Porch that overlooks a beautiful Pocket Park . Stunning 2 Story entry Foyer that leads to an Amazing Open Floor plan perfect for Entertaining. Large Flex space that can be an Office or playroom.HUGE Dining Area for an amazing Holiday celebration. Continue into the Gourmet Eat in Kitchen w/ Breakfast Area- Gas Stove and SS Appliances- Lots of Counter space and many Cabinets. The Great Room is ENORMOUS wood floors throughout! Main Floor guest Suite w/Full Bath. Gorgeous Master Suite w/ upgraded Flooring and Spa Like Bath and Large Walk in his/ hers Closets. 2 Additional Large Bedrooms w/ spacious closets. A Move in Ready Media Room for FUN Movie Nights. 3rd floor Office space or Virtual Classroom space. Amazing Outdoor living complete w/ Screened in Porch -Pergola and fire pit w/ Stone Patio- Fenced in Yard. Walk in Storage Areas-in Ground irrigation- Surround Sound speakers.
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
Zip Code: 28173
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 28173
* 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 | $2,440 |
| EXPENSES | Loan Payment | -$1,730 |
| Property Tax | -$360 | |
| Property Insurance | -$96 | |
| HOA | -$68 | |
| Property Management Fees | -$220 | |
|
CASH FLOW
-$33
|
||
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.
$469,000
PROJECTED PRICE
$2,440
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 5.01% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$130,035
LOAN DETAILS
$1,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,250 |
| Loan Amount | $351,750 |
4.42
YEARS SAVED
$24,834
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,440
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$2,625
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
4108 Chasebrook Lane Waxhaw, NC 2
- 4 beds 3 baths ∙ 3,658 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,658 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $2,440
- $0.67
-
1009 Sterling Drive Waxhaw, NC 1
- 5 beds 3 baths ∙ 3,314 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,314 Sqft ∙ Built 2017
LEASED 05/17/19- Rent
- Rent Per SQFT
- $2,390
- $0.72
-
4200 Chasebrook Lane Waxhaw, NC 3
- 5 beds 4 baths ∙ 3,833 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,833 Sqft ∙ Built 2009
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,565
- $0.67
-
2801 Swinton Court Waxhaw, NC 4
- 4 beds 4 baths ∙ 4,006 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,006 Sqft ∙ Built 2004
LEASED 04/30/19- Rent
- Rent Per SQFT
- $2,880
- $0.72
-
4032 Pinebrook Lane Waxhaw, NC 5
- 5 beds 5 baths ∙ 3,800 Sqft ∙ Built 2013 5 beds 5 baths ∙ 3,800 Sqft ∙ Built 2013
LEASED 03/01/19- Rent
- Rent Per SQFT
- $2,900
- $0.76
PROPERTY LISTING DETAILS
1.203.215.1679
Keller Williams Ballantyne Area
