Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

105 Havencrest Landing Garner, NC 27529

3 Beds 2 Baths 1,247 sqft Built 2003

$205,000

List Price

$1,110

$999 - $1.2K

Rent Est.

$60,075

Investment Est.

AVAILABLE

REQUEST INFO

SCHEDULE APPOINTMENT

It's free, with no obligation

AVAILABLE

1 Year
(+4.9%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.6%
Cash Flow	$180
Value Increase	$10,327

10 YEAR

Cash On Cash	-1.1%
Total Return	10.0%

PROPERTY INFO

December 16, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2003
Price/Sqft : $164.39
5 Days on Market
MLS # : 2358094
Updated Date : 12/19/2020 at 15:01

CONSTRUCTION

Beds : 3
Floor Size : 1,247 sqft
Baths : 2 full

Listing Agent

Nest Realty Of The Triangle

Listing Agent's Description

We are excited to present this updated Ranch home to the market! It has been completely repainted inside & new LVP flooring & carpet has been installed. Highlighted by an open family room with vaulted ceilings & a gas fireplace, a kitchen w/ 42 inch cabinets & stainless steel appliances, & a master with a large walk-in closet. Located only minutes to downtown Raleigh and close to I-70 and Route 40 makes commuting a breeze. Check out the large deck outback & the walk in crawl space, perfect for storage.

105 Havencrest Landing

Garner, North Carolina

View on Google Maps

Custom Imagery

-

-

This image is no longer available

Rotate the view

Map Data© 2020 Google
Terms of Use
Report a problem
© 2020 Google
Map Data
© 2020 Google

Street View

1 of 31 X

MARKET HIGHLIGHTS

Raleigh Market Report

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

#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)

Neighborhood: Weston Ridge

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

Neighborhood: Weston Ridge

* 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
Creech Road Elementary School	Primary	Regular	613	42	2
North Garner Middle School	Middle	Regular	948	59	3
Garner High School	High	Magnet	2,650	145	3

Creech Road Elementary School

Education Level: Primary
# of students: 613
# of teachers: 42

GreatSchools Rating

North Garner Middle School

Education Level: Middle
# of students: 948
# of teachers: 59

GreatSchools Rating

Garner High School

Education Level: High
# of students: 2,650
# of teachers: 145

GreatSchools Rating

FINANCIALS

Learn how to read this

$184,500$225,50000$205,000

PURCHASE PRICE

$999$1,22100$1,110

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

Toggle to see the acquisition concierge fee. LEARN MORE

PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,110
EXPENSES	Loan Payment	-$756
	Property Tax	-$168
	Property Insurance	-$52
	Property Management Fees	-$119




CASH FLOW $15

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.

$205,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.76%
Appreciation Year (1-5)	4.9%
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

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$60,075

Down Payment	$51,250
Rehab Estimate	$5,750
Closing Costs	$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$51,250
Loan Amount	$153,750

See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$17,022

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,110
LIST RENT
$0.89
LIST RENT PER SQFT

$1,119
COMP ESTIMATED VALUE
$0.9
COMP AVG. RENT PER SQFT

Comps Range

$1,110

1$1,1102$1,1753$1,2254$1,2505$1,295

$1,295

RENT COMPS ANALYSIS

1,247
PROPERTY SQFT
$0.9
AVG RENT PER SQFT
$1,119
ESTIMATED VALUE
$1,110
LIST RENT

105 Havencrest Landing Garner, NC 3

3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2003
Price

Price Per SQFT

$205,000

$164.39
106 Constrata Court Garner, NC 1

3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2006
SOLD 09/03/20
Price

Price Per SQFT

$198,000

$145.37
1137 Lombar Street Raleigh, NC 2

3 beds 3 baths ∙ 1,448 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,448 Sqft ∙ Built 2008
SOLD 12/08/20
Price

Price Per SQFT

$199,750

$137.95
106 Creekbrook Court Garner, NC 4

3 beds 3 baths ∙ 1,423 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,423 Sqft ∙ Built 1997
SOLD 07/14/20
Price

Price Per SQFT

$207,000

$145.47
172 Muirfield Ridge Drive Garner, NC 5

3 beds 3 baths ∙ 1,504 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 2006
SOLD 11/20/20
Price

Price Per SQFT

$210,000

$139.63

105 Havencrest Landing Garner, NC 1

3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 2003
Rent

Rent Per SQFT

$1,110

$0.89
128 Villavista Trace Garner, NC 2

3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 2002
LEASED 06/24/20
Rent

Rent Per SQFT

$1,175

$0.89
129 Creek Commons Avenue Garner, NC 3

3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2007
LEASED 06/12/20
Rent

Rent Per SQFT

$1,225

$0.90
3413 Fatima Court Raleigh, NC 4

3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 2006
LEASED 10/01/19
Rent

Rent Per SQFT

$1,250

$0.93
904 Roxy Street Raleigh, NC 5

3 beds 3 baths ∙ 1,488 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,488 Sqft ∙ Built 2006
LEASED 08/13/20
Rent

Rent Per SQFT

$1,295

$0.87

PROPERTY LISTING DETAILS

Benjamin Passwaters
1.919.608.4226
Nest Realty Of The Triangle

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2358094
Last Updated: 12/19/2020

105 Havencrest Landing Garner, NC 27529

$205,000

$1,110

$60,075

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Creech Road Elementary School

North Garner Middle School

Garner High School

FINANCIALS

$184,500$225,50000$205,000

$999$1,22100$1,110

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$205,000

$1,110

0.54%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$756

6.25

$17,022

$205,000

$164.39

$177,205

$142.11

COMPS RANGE

PRICE COMPS ANALYSIS

$1,110

$0.89

$1,119

$0.9

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS