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110 Twisted Court Hillsborough, NC 27278

3 Beds 2 Baths 1,440 sqft Built 1986

$285,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $197.92
  • 4 Days on Market
  • MLS # : 2363850
  • Updated Date : 01/30/2021 at 15:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 full
Listing Agent

501 Nest Realty

Listing Agent's Description

Wonderful, fresh, meticulously maintained ranch ideally located on a 3/4 acre, wooded cul de sac lot in popular Cornwallis Hills! Gleaming hardwoods throughout, updated kitchen and baths, large living room with vaulted ceiling and fireplace. 3 generous size bedrooms including a giant owners suite with ample closets and a cozy reading nook. Enjoy family meals in the lovely, bright dining room or breakfast nook overlooking the large deck and backyard. A sweet fenced side yard makes this the total package!

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

Zip Code: 27278

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $111k303k

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

Zip Code: 27278

ZipNIR Market*CityMarket2010Year2000 Q22019 Q210001100120013001400150016001700Rent in $9011734

* 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
Grady A. Brown Elementary School Primary Regular 460 35 5
A.l. Stanback Middle School Middle Regular 618 49 5
Cedar Ridge High School High Regular 1,163 74 7

Grady A. Brown Elementary School

  • Education Level: Primary
  • # of students: 460
  • # of teachers: 35
5
GreatSchools Rating

A.l. Stanback Middle School

  • Education Level: Middle
  • # of students: 618
  • # of teachers: 49
5
GreatSchools Rating

Cedar Ridge High School

  • Education Level: High
  • # of students: 1,163
  • # of teachers: 74
7
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$990
Property Tax -$354
Property Insurance -$55
HOA -$19
Property Management Fees -$119
CASH FLOW
$63

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$285,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.42%
Appreciation Year (1-5) 4.4%
Maintenance Year (1-5) 8.00%
Vacancy 8.51%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$17,661

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,778

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,795
$1,795
RENT COMPS ANALYSIS
  • 110 Twisted Court Hillsborough, NC 1
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 2110 Magnolia Lane Hillsborough, NC 2
    • 3 beds 3 baths ∙ 1,176 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,176 Sqft ∙ Built 1996
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.40
    •  
  • 2419 Summit Drive Hillsborough, NC 3
    • 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,683 Sqft ∙ Built 2003
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.07
    •  
PROPERTY LISTING DETAILS
Scott Mueller
1.646.373.3283
501 Nest Realty
Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
Triangle Multiple Listing Service ( TMLS)
MLS #: 2363850
Last Updated: 01/30/2021
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