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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $141.06
- 3 Days on Market
- MLS # : 2355446
- Updated Date : 11/28/2020 at 13:08
CONSTRUCTION
- Beds : 3
- Floor Size : 1,627 sqft
- Baths : 2 full
Listing Agent
Dallas Pearce Realty
Listing Agent's Description
Check out this renovated ranch on over an acre! Engineered hardwoods through the entire house! Gorgeous kitchen with granite counter tops. Fireplace in the living room. No HOA, no city taxes, no water bill! This one won't last long - schedule your showing today!
SEE MORE
- 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
- Major employers in Raleigh area: IBM, Cisco systems, Fidelity Investments, GlaxoSmithKline, RTI International
- One of Top 10 cities for Small Business Friendliness (Thumbtack, 2018)
- #7 Best Big City for Jobs 2018 (Forbes, 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)
PRICE & RENT TRENDS
Zip Code: 27597
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 27597
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$847 |
| Property Tax | -$162 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$138 | |
|
CASH FLOW
$324
|
||
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.
$229,500
PROJECTED PRICE
$1,530
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.76% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.47% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,568
LOAN DETAILS
$847
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,375 |
| Loan Amount | $172,125 |
11.83
YEARS SAVED
$49,719
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,651
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
102 Lakeside Farm Road Zebulon, NC 3
- 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,530
- $0.94
-
1312 Parks Village Road Zebulon, NC 1
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1971
![property image]()
LEASED 06/01/19- Rent
- Rent Per SQFT
- $1,200
- $0.92
-
10000 Wood Sap Lane Zebulon, NC 2
- 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 2002
![property image]()
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,495
- $1.11
PROPERTY LISTING DETAILS
1.919.810.2062
Dallas Pearce Realty
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2355446
Last Updated: 11/28/2020
