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105 Touvelle Court Holly Springs, NC 27540

4 Beds 3 Baths 2,736 sqft Built 2005

$299,900

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $109.61
  • 2 Days on Market
  • MLS # : 2359815
  • Updated Date : 01/03/2021 at 01:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,736 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Diamond Realty

Listing Agent's Description

The rocking-chair porch welcomes you into this spacious, open floor-plan w/ stunning hardwoods, 9 ft ceilings w/ decorative crown molding. This 1-owner home in desirable Autumn Park conv to schools boasts a formal LR, DR w/ wainscoting, spacious FamRm w/ gas FP open to large kitchen w/ abundant storage in 42" cabinets, center island & pantry. French doors open fm breakfast area to screened porch. Separate LR. 4 large BRs up w/ walk-ins. MBR w/ vaulted ceiling & bath w/ sep tub/shower & glass block window.

SEE MORE

MARKET HIGHLIGHTS

  • #7 Best Big City for Jobs 2018 (Forbes, 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
  • 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)

PRICE & RENT TRENDS

Neighborhood: Autumn Park

NeighborhoodNIR Market*CityMarket2010Year20002019160k180k200k220k240k260k280k300k320k340k360k380kPrice in $144k400k

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

Neighborhood: Autumn Park

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800Rent in $10271873

* 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
Holly Grove Elementary School Primary Regular 1,128 66 7
Holly Grove Middle School Middle Regular 1,439 81 8
Holly Springs High School High Regular 2,418 122 7

Holly Grove Elementary School

  • Education Level: Primary
  • # of students: 1,128
  • # of teachers: 66
7
GreatSchools Rating

Holly Grove Middle School

  • Education Level: Middle
  • # of students: 1,439
  • # of teachers: 81
8
GreatSchools Rating

Holly Springs High School

  • Education Level: High
  • # of students: 2,418
  • # of teachers: 122
7
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,107
Property Tax -$219
Property Insurance -$81
HOA -$29
Property Management Fees -$119
CASH FLOW
$246

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$299,900

PROJECTED PRICE

$1,800

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.33%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.51%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$53,045

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,011

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0503$2,1004$2,1505$2,150
$2,150
RENT COMPS ANALYSIS
  • 105 Touvelle Court Holly Springs, NC 1
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.66
    •  
  • 109 Holly Glen Court Holly Springs, NC 2
    • 5 beds 4 baths ∙ 2,828 Sqft ∙ Built 2008 5 beds 4 baths ∙ 2,828 Sqft ∙ Built 2008
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.72
    •  
  • 149 Martingale Drive Holly Springs, NC 3
    • 5 beds 3 baths ∙ 2,824 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,824 Sqft ∙ Built 2016
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.74
    •  
  • 208 Atwood Drive Holly Springs, NC 4
    • 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2016
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.71
    •  
  • 203 Condra Road Holly Springs, NC 5
    • 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2020 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2020
    property image
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
PROPERTY LISTING DETAILS
Tab Moore
1.919.641.0783
Re/max Diamond Realty
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2359815
Last Updated: 01/03/2021
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