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1200 Hazelnut Drive Raleigh, NC 27610

3 Beds 2 Baths 1,196 sqft Built 1969

$215,000

List Price

$1,120

$1K - $1.2K

Rent Est.

$62,725

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+7.0%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.6%
Cash Flow	-$12
Value Increase	$15,497

10 YEAR

Cash On Cash	-1.4%
Total Return	11.8%

PROPERTY INFO

December 12, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 1969
Price/Sqft : $179.77
3 Days on Market
MLS # : 2357580
Updated Date : 12/12/2020 at 01:27

CONSTRUCTION

Beds : 3
Floor Size : 1,196 sqft
Baths : 1 full , 1 half

Listing Agent

Opendoor Brokerage Llc

Listing Agent's Description

Lovely 3bed/1.5bath sitting on a .27 acre lot in Kingwood Forest. Once inside, you’ll find laminate flooring in the living area and carpet in the bedrooms. The kitchen offers granite countertops, stainless steel appliances and tile backsplash. This home is sure to impress! This home is vacant and cleaned regularly.

1201 Hazelnut Dr

Raleigh, North Carolina

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MARKET HIGHLIGHTS

Raleigh Market Report

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)
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)

Neighborhood: Kingwood Forest

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

Neighborhood: Kingwood Forest

* 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
Timber Drive Elementary School	Primary	Regular	669	46	2
Lufkin Road Middle School	Middle	Regular	1,000	57	8
Southeast Raleigh High School	High	Magnet	1,538	110	4

Timber Drive Elementary School

Education Level: Primary
# of students: 669
# of teachers: 46

GreatSchools Rating

Lufkin Road Middle School

Education Level: Middle
# of students: 1,000
# of teachers: 57

GreatSchools Rating

Southeast Raleigh High School

Education Level: High
# of students: 1,538
# of teachers: 110

GreatSchools Rating

FINANCIALS

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$193,500$236,50000$215,000

PURCHASE PRICE

$1,008$1,23200$1,120

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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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	$1,120
EXPENSES	Loan Payment	-$793
	Property Tax	-$158
	Property Insurance	-$51
	Property Management Fees	-$119




CASH FLOW -$1

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.

$215,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.76%
Appreciation Year (1-5)	7.0%
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

$62,725

Down Payment	$53,750
Rehab Estimate	$5,750
Closing Costs	$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$53,750
Loan Amount	$161,250

See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$16,472

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,120
LIST RENT
$0.94
LIST RENT PER SQFT

$1,136
COMP ESTIMATED VALUE
$0.95
COMP AVG. RENT PER SQFT

Comps Range

$995

1$9952$1,1203$1,1254$1,1955$1,225

$1,225

RENT COMPS ANALYSIS

1,196
PROPERTY SQFT
$0.95
AVG RENT PER SQFT
$1,136
ESTIMATED VALUE
$1,120
LIST RENT

1200 Hazelnut Drive Raleigh, NC 5

3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1969
Price

Price Per SQFT

$215,000

$179.77
805 Fitzgerald Drive Raleigh, NC 1

3 beds 1 baths ∙ 1,055 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,055 Sqft ∙ Built 1970
SOLD 08/25/20
Price

Price Per SQFT

$141,000

$133.65
204 Gatewood Drive Garner, NC 2

3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,056 Sqft ∙ Built 1971
SOLD 10/16/20
Price

Price Per SQFT

$149,900

$141.95
1300 Savannah Drive Raleigh, NC 3

3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1968
SOLD 12/11/20
Price

Price Per SQFT

$151,000

$125.94
1401 Southerlund Road Garner, NC 4

3 beds 1 baths ∙ 1,189 Sqft ∙ Built 1957 3 beds 1 baths ∙ 1,189 Sqft ∙ Built 1957
SOLD 06/24/20
Price

Price Per SQFT

$169,000

$142.14

1200 Hazelnut Drive Raleigh, NC 2

3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,196 Sqft ∙ Built 1969
Rent

Rent Per SQFT

$1,120

$0.94
500 Raleigh Pines Drive Raleigh, NC 1

3 beds 2 baths ∙ 1,031 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,031 Sqft ∙ Built 1970
LEASED 12/27/19
Rent

Rent Per SQFT

$995

$0.97
2001 Southgate Drive Raleigh, NC 3

3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1968
LEASED 06/12/20
Rent

Rent Per SQFT

$1,125

$0.96
2708 Adcox Place Raleigh, NC 4

3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1979
LEASED 11/16/20
Rent

Rent Per SQFT

$1,195

$0.93
2704 Plainsfield Circle Raleigh, NC 5

4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1971
LEASED 04/13/20
Rent

Rent Per SQFT

$1,225

$0.94

PROPERTY LISTING DETAILS

Verria Hairston
1.919.679.9883
Opendoor Brokerage Llc

Tamara Artist
1.866.250.5610
Homeunion NC, LLC
NCREC #C26317

Triangle Multiple Listing Service ( TMLS)
MLS #: 2357580
Last Updated: 12/12/2020

1200 Hazelnut Drive Raleigh, NC 27610

$215,000

$1,120

$62,725

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Timber Drive Elementary School

Lufkin Road Middle School

Southeast Raleigh High School

FINANCIALS

$193,500$236,50000$215,000

$1,008$1,23200$1,120

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$215,000

$1,120

0.52%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$793

5.83

$16,472

$215,000

$179.77

$162,560

$135.92

COMPS RANGE

PRICE COMPS ANALYSIS

$1,120

$0.94

$1,136

$0.95

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS