Updated Oct 29, 2024
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
About this deal
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.
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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