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1 Cabin Branch Drive Clayton, NC 27520

3 Beds 2 Baths 1,580 sqft Built 1985

$254,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $161.33
  • 3 Days on Market
  • MLS # : 2352602
  • Updated Date : 11/06/2020 at 21:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,580 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Advantage

Listing Agent's Description

Well maintained 3 bdrm 2 bath Ranch on spacious corner lot. Nestled just outside of Clayton city limits with no city taxes and no HOA fee. Gorgeous sunroom to enjoy year round with split system and grilling deck overlooking private backyard with view of nearby pond. Breezeway connects 2 car garage with stairs to walk in storage. Hardwood floors in kitchen and hallway. Whole house generator with gas tank included. Seller is offering a home warranty. Move in ready...hurry this one won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • #7 Best Big City for Jobs 2018 (Forbes, 2018)
  • Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
  • One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)
  • Raleigh-Durham combined metros' economy is worth over $137 billion in Gross Metro Product and projected to grow to $146 billion in 2019 (USMayors.org, 2018)
  • Raleigh-Durham combined metros has 65.3% labor force participation rate higher than the national rate of 62.8% (USMayors.org, 2018)
  • Raleigh-Durham combined metros contribute to 24.1% of North Carolina's state economy i.e. Gross State Product (USMayors.org, 2018)
  • University of North Carolina, Duke University and Davidson University systems drive rental demand

PRICE & RENT TRENDS

Neighborhood: Cabin Woods Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $99k265k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cabin Woods Meadows

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2800900100011001200130014001500Rent in $7211595

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
West Clayton Elementary School Primary Regular 902 58 6
Clayton Middle School Middle Regular 793 49 4
Clayton High School High Regular 1,512 85 5

West Clayton Elementary School

  • Education Level: Primary
  • # of students: 902
  • # of teachers: 58
6
GreatSchools Rating

Clayton Middle School

  • Education Level: Middle
  • # of students: 793
  • # of teachers: 49
4
GreatSchools Rating

Clayton High School

  • Education Level: High
  • # of students: 1,512
  • # of teachers: 85
5
GreatSchools Rating
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$940
Property Tax -$261
Property Insurance -$58
Property Management Fees -$128
CASH FLOW
$32

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$254,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.76%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.47%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$16,767

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,420

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,430

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3003$1,4204$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 1 Cabin Branch Drive Clayton, NC 3
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.90
    •  
  • 1020 Cove Circle Clayton, NC 1
    • 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,262 Sqft ∙ Built 2001
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.95
    •  
  • 408 Waterford Drive Clayton, NC 2
    • 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,419 Sqft ∙ Built 1999
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.92
    •  
  • 417 Westminster Drive Clayton, NC 4
    • 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,666 Sqft ∙ Built 1995
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 109 Walnut Creek Drive Clayton, NC 5
    • 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 1996
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Anna Duck
1.919.333.6225
Coldwell Banker Advantage
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2352602
Last Updated: 11/06/2020
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