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3621 Arborway Charlotte, No...

Frank Reich Acquires $3.45M Single Family Home In Charlotte, NC
SOLDSingle Family Residence

Frank Reich Acquires $3.45M Single Family Home In Charlotte, NC

3621 Arborway Charlotte, North Carolina 28211, USA

$3,450,000

Building Size

Asset Type

Single Family Residence

Closing

May 24, 2023

AI

Carolina Panthers head coach Frank Reich has purchased a new home in Charlotte, North Carolina, for $3.45 million. The four-bedroom, 5.5-bath residence, located in the upscale Foxcroft neighborhood, features elegant design elements, such as an all-glass front door, a wine storage area in the dining room, a spacious kitchen with a large island overlooking the living room, and smart-home automation.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $3,450,000
  • Address: 3621 Arborway, Charlotte, NC
  • Market: Charlotte, NC

Frank Reich, the Carolina Panthers coach, made the purchase for his new home in Charlotte. The deal was facilitated by 's REP from the buyer's side.

Players

Charlotte Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93