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

108 Aldeburgh Court Holly Springs, NC 27540

3 Beds 3 Baths 1,650 sqft Built 2001

$292,500

List Price

$1,500

$1.4K - $1.7K

Rent Est.

$83,263

Investment Est.

AVAILABLE

REQUEST INFO

SCHEDULE APPOINTMENT

It's free, with no obligation

AVAILABLE

1 Year
(+6.9%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.5%
Cash Flow	-$168
Value Increase	$20,699

10 YEAR

Cash On Cash	-1.2%
Total Return	11.9%

PROPERTY INFO

December 15, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2001
Price/Sqft : $177.27
6 Days on Market
MLS # : 2357923
Updated Date : 12/18/2020 at 23:40

CONSTRUCTION

Beds : 3
Floor Size : 1,650 sqft
Baths : 2 full , 1 half

Listing Agent

Pittman & Associates

Listing Agent's Description

A MUST SEE, You can't beat this location - convenience to shopping new 540 Raleigh .. a large private fenced in lot! Tastefully updated and move in ready FOR UNDER 300K. 3Bed/2.5 Bath Granite counters '18, separate dining room, Luxurious MBath with a Jacuzzi tub and a tiled rain shower '20, Pool Community. Newer 30yr roof '18, HVAC '17, water heater '15, tiled fireplace '20 fresh coat of paint carpets '17.

109 Aldeburgh Ct

Holly Springs, 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 17 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: Arbor Creek

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

Neighborhood: Arbor Creek

* 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 Springs Elementary School	Primary	Regular	1,086	64	8
Holly Ridge Middle School	Middle	Regular	1,222	69	4
Apex Friendship High School	High	Regular			NA

Holly Springs Elementary School

Education Level: Primary
# of students: 1,086
# of teachers: 64

GreatSchools Rating

Holly Ridge Middle School

Education Level: Middle
# of students: 1,222
# of teachers: 69

GreatSchools Rating

Apex Friendship High School

Education Level: High
# of students:
# of teachers:

GreatSchools Rating

FINANCIALS

Learn how to read this

$263,250$321,75000$292,500

PURCHASE PRICE

$1,350$1,65000$1,500

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	$1,500
EXPENSES	Loan Payment	-$1,079
	Property Tax	-$222
	Property Insurance	-$59
	HOA	-$35
	Property Management Fees	-$119



CASH FLOW -$14

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.

$292,500

PROJECTED PRICE

$1,500

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	4.33%
Appreciation Year (1-5)	6.9%
Maintenance Year (1-5)	8.00%
Vacancy	7.51%
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

$83,263

Down Payment	$73,125
Rehab Estimate	$5,750
Closing Costs	$4,388

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,079

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$73,125
Loan Amount	$219,375

See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$23,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,500
LIST RENT
$0.91
LIST RENT PER SQFT

$1,493
COMP ESTIMATED VALUE
$0.91
COMP AVG. RENT PER SQFT

Comps Range

$1,450

1$1,4502$1,4953$1,4954$1,5005$1,550

$1,550

RENT COMPS ANALYSIS

1,650
PROPERTY SQFT
$0.91
AVG RENT PER SQFT
$1,493
ESTIMATED VALUE
$1,500
LIST RENT

108 Aldeburgh Court Holly Springs, NC 5

3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2001
Price

Price Per SQFT

$292,500

$177.27
205 Cabana Drive Apex, NC 1

3 beds 3 baths ∙ 1,505 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,505 Sqft ∙ Built 2002
SOLD 04/23/20
Price

Price Per SQFT

$241,000

$160.13
104 Fountain Springs Road Holly Springs, NC 2

3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,748 Sqft ∙ Built 1999
SOLD 03/06/20
Price

Price Per SQFT

$255,000

$145.88
509 Arbor Creek Drive Holly Springs, NC 3

3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1999
SOLD 10/07/20
Price

Price Per SQFT

$261,000

$153.08
132 Fairford Drive Holly Springs, NC 4

3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2003
SOLD 10/27/20
Price

Price Per SQFT

$270,000

$161.77

108 Aldeburgh Court Holly Springs, NC 4

3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2001
Rent

Rent Per SQFT

$1,500

$0.91
233 Milpass Drive Holly Springs, NC 1

3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,676 Sqft ∙ Built 2005
LEASED 11/02/20
Rent

Rent Per SQFT

$1,450

$0.87
121 Danesway Drive Holly Springs, NC 2

3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 1998
LEASED 01/10/20
Rent

Rent Per SQFT

$1,495

$0.92
1004 Creek Haven Drive Holly Springs, NC 3

3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1998
LEASED 12/01/20
Rent

Rent Per SQFT

$1,495

$0.90
132 Fairford Drive Holly Springs, NC 5

3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,669 Sqft ∙ Built 2003
LEASED 11/07/20
Rent

Rent Per SQFT

$1,550

$0.93

PROPERTY LISTING DETAILS

Arthur Reichert
1.919.270.1027
Pittman & Associates

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2357923
Last Updated: 12/18/2020

108 Aldeburgh Court Holly Springs, NC 27540

$292,500

$1,500

$83,263

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Holly Springs Elementary School

Holly Ridge Middle School

Apex Friendship High School

FINANCIALS

$263,250$321,75000$292,500

$1,350$1,65000$1,500

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$292,500

$1,500

0.51%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,079

6.08

$23,568

$292,500

$177.27

$256,105

$155.22

COMPS RANGE

PRICE COMPS ANALYSIS

$1,500

$0.91

$1,493

$0.91

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS