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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $143.63
- 3 Days on Market
- MLS # : 2358577
- Updated Date : 12/19/2020 at 04:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,508 sqft
- Baths : 2 full , 1 half
Listing Agent
Blue Endeavours Real Estate
Listing Agent's Description
Beautiful well maintained 3 bed 2.5 home, near 1-40/85 easy commute to Durham. Your family will love to take walks in the neighborhood. Convenient to the pool and clubhouse. Located in the heart of Mebane. Minutes to shopping and Dinning.
SEE MORE
- 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)
PRICE & RENT TRENDS
Zip Code: 27302
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 27302
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$172 | |
| Property Insurance | -$55 | |
| HOA | -$45 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$259
|
||
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.
$216,600
PROJECTED PRICE
$1,450
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.65% |
| Appreciation Year (1-5) | 4.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.80% |
| 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
$63,149
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,150 |
| Loan Amount | $162,450 |
10.58
YEARS SAVED
$40,210
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,387
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
1126 Fieldstone Drive Mebane, NC 2
- 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,450
- $0.96
-
510 E Webb Mebane, NC 1
- 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2000
![property image]()
LEASED 12/19/20- Rent
- Rent Per SQFT
- $1,300
- $0.81
-
203 Briarwood Drive Mebane, NC 3
- 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1996
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,695
- $1.03
PROPERTY LISTING DETAILS
1.919.604.9652
Blue Endeavours Real Estate
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317
MLS #: 2358577
Last Updated: 12/19/2020
